Join Date: Oct 2007
Location: Ameritopia, U.S.S.A.
Quoted: 40 Post(s)
Rep Power: 91
Total Points: 1,149,379,242,966,253.00
Even if you could end the deficit today, you'd still have the interest on 16.3 trillion to deal with. Interest rates are being held artificially low today by the FED, but they cannot continue to do so indefinitely. Not to mention that we're currently borrowing 6% to achieve 2% growth, meaning if the budget was immediately balanced we'd be thrown into another recession.