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To: conservativesister

A balanced budget does not add to the national debt. That’s what is known as a balanced budget: Payments do not exceed income.

I hope that wasn’t too hard to understand.


47 posted on 01/15/2017 1:37:53 PM PST by CodeToad (If it weren't for physics and law enforcement, I'd be unstoppable!)
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To: CodeToad

A balanced budget can also have the debt go up.

You have set your budget and you are making your payments, the interest rate goes up on your mortgage and your “debt” increases even though your budget is balanced.

Hope that wasn’t too hard to understand.


51 posted on 01/15/2017 2:15:22 PM PST by conservativesister
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