[rextorres]

I don't think there is a confusion.

We (the govt) pay interest on the debt which adds to the deficit. As the debt grows so do our interest payments which add to the annual deficit.

Eventually - if the debt keeps rising at $350B/year (Bush's own best case scenario - probably will be way higher) that interest payment will overwhelm the rest of govenment expenditure. The interest payment this year alone was the third biggest expenditure behind defense spending and entitlements.

People like Alpha Kodiak would rather mortgage their children's future and collect an extra measly $400 per child now and let those same children pay multiple times over this amount in interest payments alone when they pay taxes.

People like Fyron just want to bankrupt the government so that it has to cut everything.

[ September 17, 2003, 02:24: Message edited by: rextorres ]