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To: tejek who wrote (304310)2/16/2011 8:19:59 PM
From: joseffyRead Replies (1) | Respond to of 306849
 
White House Ignores Interest Payments in Claiming to Control Debt
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foxnews.com

As it turns out, the administration is not counting interest payments. That means the budget team plans to have enough money to pay for ordinary spending programs by the middle of the decade. But it won't have the money to pay off those pesky -- rather, gargantuan -- interest payments. So it will have to borrow some more, in turn increasing the debt and increasing the size of future interest payments year after year.