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Reply #41: We don't pay interest on the deficit? [View All]

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salin

(1000+ posts) Send PM | Profile | Ignore

Wed Oct-15-03 07:07 PM
Response to Reply #38

41. We don't pay interest on the deficit?

No, but we pay interest on the cumulative debt. Krugman suggests that it is about to become the biggest single item in the budget. Haven't seen the numbers to swear to that - but it is growing in magnitude - and we DO pay serious interest on the debt.

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