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07-11-2007, 12:08 PM
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#10 |
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Diamond Member
Join Date: Jan 2002
Location: Texas
Posts: 6,014
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put this in perspective.
four of the top 5 deficits in our nation's history have occurred in the time period from 2003 to 2006. hmm, whose budgets were those? they add up to a staggering $1.5 trillion in debt. thats TRILLION. in just four years mind you! the problem is there are now about 8 of these budgets, for a total increase in the national debt of over $2 Trillion. so are you going to still boast about the reduction of the deficit this year to "only" $205 Billion? do you have an idea of what the cost of carrying that debt is on an annual basis? lt gov bonds are paying 5.040%..... |
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