Fly-gonz's avatar
I don't think that's true. Just the interest per SECOND on the current deficit is enough to buy a grand piano. Source: [link]
punker--rocker's avatar
I don't mean the national debt, I mean the deficit, or the yearly gap between spending and revenue which is what is driving the debt up so quickly. A 100% tax on the wealthiest 1% would cover that gap for (I think it was) about 30 days, but wouldn't help pay down the debt at all.
Fly-gonz's avatar
(I mean, I agree with your point, but it's much worse than that)