[Rhodes22-list] Cost of the war and the nation debt

[Bud]

David,
  I knew we are borrowing money, but I did not think expenditures 
exceeded revenue
by the amount of 100B a year.  My only point is that if we could balance 
the budget,
then 100B towards the national debt each year appears like a mortgage 
payment that
we as a nation could comfortably pay.

-Bud

DCLewis1 at aol.com wrote:

>Bud,
> 
>The reason you haven't felt any pain in funding the war in Iraq and  
>Afghanistan is not that we could afford it all out of present revenues, rather  it's  
>that our fearless, peerless, leaders have borrowed it all.  The  national debt 
>shows that unequivocally.  Be sure to tell your children that  they are going 
>to have the opportunity to pay for all the present  foolishness.
> 
>Given the above, if I understand your post,  you are proposing we  continue 
>borrowing  - because borrowing is exactly how we've made it this  far - and use 
>that borrowed money to pay off the national debt.  Seems to  me you don't pay 
>off a debt with more debt to get out of debt; maybe I've missed  something, 
>or maybe I've misunderstood your post.
> 
>Taming the unbalanced budget syndrome is a big problem - and it's  residual 
>symptom is the national debt.  It's going to take some pain,  focused choices, 
>and persistence if either the budget is to be balanced or the  debt reduced.  
>Clearly, the "new conservative" Republicans couldn't do it,  let's see how the 
>Dems do.
> 
>Dave
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