Katrina relief is a ONETIME expense. We finance such INVESTMENTS with bonds. It will affect the deficit for ONE YEAR. Get over it and move on. The GDP is about 12 TRILLION. 200 Billion in one year is a blip.
Katrina relief is a ONETIME expense. We finance such INVESTMENTS with bonds. It will affect the deficit for ONE YEAR. Get over it and move on. The GDP is about 12 TRILLION. 200 Billion in one year is a blip.
Yeah, just put it on our grandchildren's tab. $200 billion works out to well over $1000 of additional debt for every American worker. Assuming an interest rate of 5 percent, it will cost well over $50 dollars of additional annual interest for every American worker, forever. I'm sure that none of them will complain about having their taxes raised a measly $50 per year.