I’m worried about a guy who seems to suggest he can discuss financial matters, who believes that interest payments decreases do not count as spending cuts.
Where does he think government gets the money to pay interest? From the interest fairy?
Where does he think government gets the money to pay interest? From the interest fairy?
I'm not a fancy accountant, but I would rate a decrease in future interest payments as a “reduction in outlay” not a “spending” cut.
When I spend, I usually get something in return - interest is getting the the ability to spend more now...:^)