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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: Wowzer who wrote (53913)8/23/2004 4:09:33 PM
From: longnshort  Respond to of 89467
 
Hey were are still paying the FDR and LBJ debt( and will for generations) war on poverty 45 years 7 TRILLION and still growing, by leaps and bounds



To: Wowzer who wrote (53913)8/23/2004 4:23:30 PM
From: Benchman  Read Replies (2) | Respond to of 89467
 
Well, if I am wrong about that paying it off, I apologize, but my kids are not really paying the price for it.

The negative about a huge deficit is supposed to be high interest rates, which we have not had.

My kids have benefited from me being able to buy bigger and bigger houses (I have gone from 1 to 3 kids over the years), and I have been able to do it because of low interest rates. I have re-financed 3 times in the last 3 years lowering my payment and receiving cash for family needs. So, so far they have not paid for any deficit.

Until I see some negative to my bottom line due to a big deficit, I am not going to worry about it. So far it's just been a lot of noise.