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To: CodeToad

A balanced budget can also have the debt go up.

You have set your budget and you are making your payments, the interest rate goes up on your mortgage and your “debt” increases even though your budget is balanced.

Hope that wasn’t too hard to understand.


51 posted on 01/15/2017 2:15:22 PM PST by conservativesister
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To: conservativesister

“A balanced budget can also have the debt go up.”

Theoretically, yes, but the US pays the interest as we go. The national debt did not go up because of any interest payments. It went up because of spending.

Ya gotta know something about the US budget process before you make a false assertion like you did.


52 posted on 01/15/2017 2:20:29 PM PST by CodeToad (If it weren't for physics and law enforcement, I'd be unstoppable!)
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