alt.politics.usa.republican

On Fri, 24 Aug 2007 11:46:00 -0500, beber wrote:

>On Fri, 24 Aug 2007 11:46:34 -0400, "Scruffy McScruffovitch"
> wrote:
>
>>
>>"beber" wrote in message
>>news:7kptc3hvmq60m03hq5r0u9o81qmmb49r4l@ ...
>>> On Thu, 23 Aug 2007 22:59:00 -0400, "Scruffy McScruffovitch"
>>> wrote:
>>>
>>>
>>>>?? Since when has losing money in the stock market had any affect
>>>>whatsoever on the national debt?
>>>
>>> I believe the improvement in the deficit has been largely because of
>>> improvements in the prices of stocks. If the market tanks, tax
>>> receipts tank with it. This is why the Bush admin. will go to extreme
>>> lengths to prop it up.
>>
>>$9 Trillion is an improvement?
>Right; it's all relative. The rate of increased debt is decreasing if
>you don't count the war.


Big mistake Bush made, to make budget deficit appear lower, was to
refinance the national debt short-term at historic low interest rates,
so now the average maturity on the national debt is less than 2 1/2
years. Every 1% increase in interest rates is going to cost $100
billion in additional interest on the debt.