Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Uncle Joe Cannon
This is such total BULLSH*T!!!

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.

17 posted on 09/16/2005 8:05:16 PM PDT by rebel_yell2
[ Post Reply | Private Reply | To 1 | View Replies ]


To: rebel_yell2
This is such total BULLSH*T!!!

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.

19 posted on 09/19/2005 12:35:26 AM PDT by remember
[ Post Reply | Private Reply | To 17 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson