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Technology Stocks : Intel Corporation (INTC)

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To: Scumbria who wrote (128704)	3/1/2001 8:18:25 PM
From: Craig M. Newmark	Read Replies (2) of 186894

Scumbria, Re: a $billion/day in interest on Reagan/Bush debt The gross federal debt accumulated under Reagan/Bush was approximately $3.093 trillion. Current total debt is about $5.686 trillion. So Reagan/Bush "accounts" for about 54.4% of the debt. Interest payments on this debt are running about $220 billion/year. Without a nasty and difficult exercise to sort out the interest rates on the debt, I'll assume, reasonably, that the interest on the "Reagan/Bush" debt is 54.4% of the interest, about $119.7 billion/year. This comes to roughly $.33 billion per day. So you were only off by a factor of three. To what do you attribute this dramatic increase in your accuracy? Craig

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