September 17th, 2003, 03:01 AM
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Shrapnel Fanatic
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Join Date: Feb 2001
Location: Waterloo, Ontario, Canada
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Re: [OT] Another heated discussion about the Iraq siutation, war and politics.
Quote:
Originally posted by Imperator Fyron:
The defecit is not actually an issue. Most of it is in the form of bonds that can and will be repaid in time. What is more of an issue is yearly spending compared to yearly revenues. The old debts get paid off and replaced by new debts. It is how the economy works.
Some "services" that need to be cut are obsolete programs that are no longer necessary. There are numerous programs dating from the Great Depression that only serve to waste money now, but are still in operation, such as the program that was made to try to help farmers hit by the "dust bowl"...
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You are confusing terms. The Debt is how much is owed total, and the defecit is the annual excess spending over income.
[ September 17, 2003, 02:30: Message edited by: Suicide Junkie ]
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