To: FreeReign
Federal interest payments as a percentage of GDP on the National Debt is the lowest it's been since 1979. It's 1.7% of GDP. Kind of like making the minimum payment on your credit card bill while you keep increasing the amount borrowed. At this rate we should have the National Debt paid off in a thousand years or so. Our grandchildren are going to hate this generation.
319 posted on
12/30/2003 3:38:55 PM PST by
LPM1888
(What are the facts? Again and again and again -- what are the facts? - Lazarus Long)
To: LPM1888
You cannot change the swing of the pendulum quickly...we are however, better off now than we were under Hillbilly's reign and it will take more conservatives IN THE SENATE to UNDO the damage his presidency did especially in JUDGES! Be smart, look at the BIG picture!
To: LPM1888
Kind of like making the minimum payment on your credit card bill while you keep increasing the amount borrowed. At this rate we should have the National Debt paid off in a thousand years or so. Our grandchildren are going to hate this generation. No not really. The national Debt as a pecentage of GDP was 45.6% in 1960 and it was 34.3% in 2002.
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