Good stuff. I like that he's focused on the national debt. I haven't checked the figures lately, but last I looked the annual deficit still exceeded the interest payment on the debt.
So in essence, we're borrowing money to pay the interest.
And the interest "payment" just gets piled on the principle balance of the loan.
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6 Comments:
He's gotten a lot better.
Good stuff. I like that he's focused on the national debt. I haven't checked the figures lately, but last I looked the annual deficit still exceeded the interest payment on the debt.
So in essence, we're borrowing money to pay the interest.
And the interest "payment" just gets piled on the principle balance of the loan.
Jeff
Ross Perot, without the funny accent!
Heh. Well that and Robert isn't nearly as wacky as Perot, nor does he have the same sort of cash.
Oh yeah. Actually he's out of his own money and looking for contributions.
Meanwhile, you should check out all the great podcast interviews with Minnesota political candidates at Inside Minnesota Politics.
Actually, if you find yourself with some extra cash, send it here.
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