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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Neocon who wrote (120941)1/3/2001 3:52:51 PM
From: JDN  Read Replies (1) | Respond to of 769667
 
Dear Neocon: Actually, in a balanced budget I would presume only the interest on the debt is paid. But two comments come to mind for me.
1. As GNP rises debt as a portion of the GNP decreases so isnt that the same as paying down the debt but suffering a lower GNP?
2. I dont think there is ANY DOUBT debt is going to be paid down. The question is by how much. It appears to me that Bush is going to attempt to reach a happy medium between actual pay down and my point 1 above. Clinton/Gore would have leaned more toward point 2 above.

Personally, I think there is less "Pain" for the populance following Bush's scenario, the question is can the people understand that? JDN



To: Neocon who wrote (120941)1/3/2001 4:11:12 PM
From: WTSherman  Read Replies (2) | Respond to of 769667
 
<Debt service is part of the budget. In a balanced budget, the debt is automatically paid down..... <

Neo, where do you get this from? Debt service in the Federal gov't just covers the interest expenses. There is no acrual to cover debt at maturity. I suggest you look at the Federal budget for the past 50 years if you doubt this.


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