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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: BGR who wrote (77185)	3/7/2000 10:34:00 PM
From: Skeeter Bug	Respond to of 132070

bgr, the govt leaders have talked about a surplus for several years as the debt continues to go up. go figure, huh? ;-)

To: BGR who wrote (77185)	3/8/2000 12:55:00 PM
From: Zach E.	Read Replies (2) \| Respond to of 132070

BGR, Say every year you earn 10 dollars and spend 9, while you have a outstanding loan of 5 dollars. In 5 years you expect to pay off all your loans. Let's say that every year you earn 10 dollars and spend 9, and you have an outstanding loan that increases a dollar per year. When will you pay off all of your loans? I am perplexed at what you are trying to get at by using last years figures. If you look again at the link that I posted again, you will see that I didn't use "last year's figures" as you say, except in comparison to this year's figures. To the nearest billion, the total interest-bearing debt is now $145 billion higher as of Feb 29, 2000 than it was on Feb. 28, 1999. If you have information to the effect that there was actually a surplus of over $145 billion from the past year that is sitting in a vault somewhere, waiting to be applied to the debt, I'd love to see it. Zach