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   alt.politics.economics      "Its the economy, stupid"      345,374 messages   

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   Message 344,926 of 345,374   
   Scout to Mitchell Holman   
   Re: U.S. Debt on Pace to Top $56 Trillio   
   08 Jul 24 10:33:58   
   
   XPost: alt.fan.rush-limbaugh, talk.politics.guns   
   From: me4guns@verizon.removeme.this2.nospam.net   
      
   "Mitchell Holman"  wrote in message   
   news:XnsB1A785EDBA86D629555@185.151.15.190...   
   > "X, formerly known as \"!Jones\""  wrote in   
   > news:c8pi8jpira8qrli39erqjnmht35v528vf6@4ax.com:   
   >   
   >> If this is a medical emergency, stop reading, log off, and dial 911!   
   >>   
   >>>    Why should that be the target?   
   >>>   
   >>>    Even a perfectly balanced budget will   
   >>>create more debt because of interest payments   
   >>>on the outstanding debt.   
   >>   
   >> A perfectly balanced budget will never create debt.   
   >   
   >   
   >    No, but the debt will continue to   
   > rise because of interest.   
      
   Interest would be a budget item, as should repaying the debt.   
      
   Indeed the first thing on the budget should be 3-5% of the budget to goes   
   towards the principle, Next would be the interest payment on the rest. The   
   LAST item on the budget would be the pay and benefits of the elected federal   
   officials.   
      
   If they want to be paid.. there better be enough left over to do so.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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