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Politics : Bill Clinton Scandal - SANITY CHECK -- Ignore unavailable to you. Want to Upgrade?

To: DMaA who wrote (28704)	1/20/1999 9:29:00 AM
From: Ish	Read Replies (1) \| Respond to of 67261

Ok, some govt borrowing is good but we are way too far in debt now. A lot of that debt has come from social programs so we're paying interest on what we have given away. It's just sound business not to be maxed on credit, although we never will be maxed. I doubt we can pay the debt in 2 years but we could make some headway in reducing it.

To: DMaA who wrote (28704)	1/20/1999 10:53:00 AM
From: pezz	Read Replies (2) \| Respond to of 67261

<<The question is at what rate should it be paid off. Too fast and you could trigger a nasty recession>> The trick would be to pay off some and send some back in the form of reduced taxes.Also reduced interest rates would result as the debt were paid off as more and more money were injected into the economy. In this way you put more money in the hands of the consumer to compensate for the reduced govt borrowing and spending. Btw at almost two trillion even paying one hundred billion per year would take twenty tears to pay off. Paying off too soon would be the least of our problems. Ish is right think of the boon to us all if that enormous burden of the interest payments were lifted! More goodies for all and less taxes for all. pez