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More liberal math problems...
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NowNow
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First recorded activity by BoatBanter: Nov 2009
Posts: 146
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!
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