View Single Post
  #8   Report Post  
posted to rec.boats
NowNow NowNow is offline
external usenet poster
 
First recorded activity by BoatBanter: Nov 2009
Posts: 146
Default More liberal math problems...

In article ,
says...

"The administration wants to keep some of the unspent funds available
for emergencies, but is considering setting aside a chunk for debt
reduction, according to people familiar with the matter. It is also
expected to lower the projected long-term cost of the program -- the
amount it expects to lose -- to as little as $200 billion from $341
billion estimated in August."

http://online.wsj.com/article/SB125799009185344567.html

So let me see if I got this right. The Administration wants to use
borrowed money which created increased debt to pay down the overall
debt incurred by increased spending.

Son-of-a-gun. That must mean that your average citizen should be able
to decrease his/her overall debt by borrowing more money to pay down
that debt.

Huh - how about that.


Uh, speculators have been doing such forever. It can actually be quite
cost affective to borrow money at a much lower rate to pay off debt with
a higher rate of interest.

--
WAFA the newsgroup liar free!