Comment Re:Sure It's Doable, Just Shift Subsidies (Score 1) 603
"most of the increase is due to interest on past debts"
You hit the keyword. Budget expenses are higher because we borrow too much... Gov solution: Borrow more!
What we need to do is cut expending and start buying back some of debt. No way around it.
If we keep borrowing increasing our debt obligations; default will not be a question of IF but When.
You hit the keyword. Budget expenses are higher because we borrow too much... Gov solution: Borrow more!
What we need to do is cut expending and start buying back some of debt. No way around it.
If we keep borrowing increasing our debt obligations; default will not be a question of IF but When.