shintao
Well-known member
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- Mar 24, 2011
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LOL, so where are the assurance that more revenue going to the govt. are going to be used to pay down the debt? You willingly accept what you are told by this govt. and totally ignore history. We have a 3.7 trillion dollar budget and a projected 1.6 trillion dollar debt so tell me how much of that budget is interest expense and if eliminated what will that do to the deficit?
You asked for a reason, and I gave you one. You can look up the interest payments as an expense, I don't need to do for it you. What does paying down the debt do? Paying down the national debt will lead to lower interest rates and therefore more affordable housing, therefore boosting the economy and providing jobs.