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Politics : Mainstream Politics and Economics

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To: puborectalis who wrote (40043)3/17/2013 8:51:59 PM
From: Jorj X Mckie3 Recommendations  Read Replies (2) of 85487
 
debt is poorly understood and we desperately need higher levels of government spending

One important thing to understand about debt is that you have to pay the interest on it. And debt servicing is in the top 5 expenditures of our government. And every bit more of deficit spending adds to the debt and the interest that we are obligated to pay on it.
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