Quote:
Originally posted by Spanky
You have to pay the 221 Billion plus interest. Is that what you mean by 1985 dollars?
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That would be another way of looking at the issue -- look at the principal plus the debt service costs. If you do that, though, then number is far higher than the simple inflation-adjusted number.
Either way, comparing the nominal deficit 20 years ago to today's total revenues and claiming that the former is "chump change" is silly.
Hell, even if your apples-to-oranges comparison had any validity, your conclusion would be wrong -- if you think $221 billion is chump change, would you be willing to have the government spend that on housing subsidies for the poor?
