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By Shempatolla (registered) - website | Posted March 05, 2012 at 15:30:19 in reply to Comment 75030
That's the principle. That does not include the interest. I find it alarming that the concept of doubling the national debt seems so blase and matter of fact to you. Every dollar that goes to servicing debt or interest on the debt is a dollar that can not be put into hard services and programs. You know that pesky annoying stuff like health care, national defense, pensions.
In stead of adding to the debt, a key national fiscal policy should be eliminating it. Then a prosperous wealthy county like we live would not have to have conversations about how we are going to pay for health care... etc.
Baseball facilities, velodromes etc are nice frills. But if the project can't be managed properly or paid for. Thanks but no thanks.
Cheers
Greg Galante
Hamilton
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