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

To: Zoltan! who wrote (133901)	3/28/2001 5:17:00 PM
From: Kevin Rose	Read Replies (1) \| Respond to of 769667

No relationship between the National Debt and interest rates? I'm not sure many economists would agree with that. No reason to pay down the debt? How about 362 billion of them? That was the interest paid on the debt in the year 2000 - 20% of the total budget. If there really is no connection between interest rates and debt, we could pay off the debt and reduce this huge tax burden on ourselves and our kids. The article twists the truth in a number of ways. The biggest is assuming that Rubin meant 'fiscal discipline' means 'maintaining high taxes'. That is baloney; he was referring to discipline that resulted in the reduced deficit during the Clinton presidency.