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Old 08-03-2004, 01:02 PM   #45
Timber Loftis
40th Level Warrior
 

Join Date: July 11, 2002
Location: Chicago, IL
Posts: 11,916
Well, quite the fine rant Mr. Harris. Let me bend your ear on one issue though -- the debt. First, I note that you use "deficit" when I think you meant "debt." Just to clarify for people, "debt" is how much you owe in TOTAL, whereas "deficit" is how much further you fell behing THIS YEAR. Annual deficet plus existing debt = total debt at the end of the year.

Anywho, I don't think you got those mixed up. Just clarifying.

Now, erm... the point, yes, the point. Every month, every year, we spend as much money floating the deficit (which is a LOAN and carries INTEREST we must pay) as we spend on health care and education and the environment COMBINED.

That's a pretty frikkin expensive loan. Boy, think of the tax breaks we could have if we could pay off the debt and have that money back in our Gov-ment's pockets every year. We're talking a lotta beans there.

[ 08-03-2004, 01:08 PM: Message edited by: Timber Loftis ]
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