Just imagine if you had to pay $600 billion in interest. $600 billion! It’s an astonishing number. According to the Chairman of the Joint Chiefs of Staff, Admiral Mike Mullen, that is what the United States will be paying in 2012 on the national debt.

Some have disputed that, but the fact is that we’re (the USA) is in a world of hurt.

Some folks are probably wondering why the Admiral is talking about the interest on the national debt and the answer is simple: it’s a national security threat. That’s not to say, the Department of Defense’s budget hasn’t increased significantly over the last decade – two wars will do that.

Mullen told CNN: Continue reading →