PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Neocon who wrote (118398)	12/20/2000 9:12:26 PM
From: TimbaBear	Read Replies (1) of 769670

Why spend money unnecessarily by calling in bonds for early pay off? We cannot force them to take less than the full value of the bond at maturity. Therefore, we are always paying the interest. The question is, in current or slightly inflated dollars? And why pay at full maturity when some will cash in before full maturity? So let's see if I got this right....if we pay off the debt a bit early(when we have a surplus), we pay some of the extra interest but no longer owe the debt....instead, what you're advocating is pay all the interest, have all the debt(with the exception of the small part that amortized)and therefore virtually all the interest to pay again, and instead of that, reduce revenues and increase expenditures? You sound like an intelligent and articulate person, I find it difficult to believe that you would do this with your own finances....and find it just as difficult to accept it for the Federal finances. Well, thank you for explaining your position. I think any more from here might be counter-productive, so I'll stop. Thanks again and Happy Holidays!

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