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To: Thebaddog

It’s my understanding that we’re now borrowing money to pay the interest on money we borrowed earlier.


10 posted on 08/31/2009 8:37:47 AM PDT by Rodebrecht (Those who can make you believe absurdities can make you commit atrocities.)
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To: Rodebrecht

That has always been the case. Entitlements and service on the debt used to make up about 60% of the federal budget in the old days. Now the real tragedy is that the 09 deficit is more than all of Bush’s eight years of deficit combined.


41 posted on 08/31/2009 9:31:32 AM PDT by Thebaddog (Obama really did believe that stuff he was saying during the campaign)
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To: Rodebrecht

Why borrow where you can earn and conserve?


72 posted on 08/31/2009 7:16:53 PM PDT by myknowledge (F-22 Raptor: World's Largest Distributor of Sukhoi parts!)
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