Tuesday, August 5, 2008

A Better Way to Look at Debt?

Skeptical Optimist
I think the portion of tax receipts it takes to pay the net interest (interest on publicly-held debt) is more to the point. It’s affected not only by the size of the debt and the size of the economy, but also by interest rates. In the last ten years it has dropped from 15% to its current level of 10%.

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I hope this blogs generates discussion about the important topics of our time. Reasoned disagreement is encouraged. Clarity is important