PhillyD

Not Just Another Bear Cycle

To Hypratt:

I hate to break your 'bubble' (pun intended) but a balanced budget will NOT reduce our interest costs by $1! We still owe the money and we still have to pay the interest costs (at least) of that debt. ONLY if we begin to have budget SURPLUSES and we spend those SURPLUSES on paying down the principle will the interest payments go down on a yearly basis.

I would love to see this happen but am not counting on it and that's depressing. Ron Paul or his younger 'twin' can run for President next cycle and have a chance at winning.