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To: Scumbria who wrote (128704)3/1/2001 6:38:29 PM
From: AK2004  Read Replies (1) | Respond to of 186894
 
Scumbria
yet another example of luck. Cold war is expensive but due to the large spending at the time the cold war is mostly over and who is credited for that? Of course the person who did not need to spend and did not contribute that is Clinton.
Regards
-Albert



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



To: Scumbria who wrote (128704)3/4/2001 5:06:36 PM
From: Diamond Jim  Read Replies (1) | Respond to of 186894
 
"We spend about $1,000 million a day to pay interest on debt accumulated under Reagan/Bush."

Hypocrite, your wife's country is free, thanks to Reagan.

jim