AM64
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- Feb 11, 2016
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This comparison doesn’t make much sense to me. Why compare to federal outlays?
First, the interest on the debt should be compared to tax receipts…not federal outlays. Make the budget big enough and we can get it down to 1%.
Second, the interest measure should not be net interest, but interest obligation.
I wonder if that blue line would look similar making these two adjustments?
Don't give them ideas about raising taxes to make the debt look less ominous.