Op-ed by Peter Tanous, includes “Welcome to our next major debt crisis. In just a few years, over half of every dollar we pay in income taxes will go to pay the interest on our national debt owned by the public. And it will get worse. When that financial comet strikes, what will our politicians say or do? … Americans will not stand for a situation where most of the income taxes we pay go to pay interest to holders of our national debt who live in Japan, China, the U.K. along with others here who own Treasury securities.”
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