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Interest on National Debt is Biggest Projected Problem, Not Healthcare

04-19-2011 • GlobalEconomicAnalysis.blogspot.com

My biggest complaints against Obama's budget plan and the budget plan of Paul Ryan are Neither plan balances the budget soon enough Both ignore interest on the national debt Practically Speaking, Neither Plan Can Pass Balancing the budget 20 or 30 years from now is not acceptable. It is hard to enough to plan 5 years ahead, and it's downright silly to think one can balance a budget 20-30 years ahead. Obama's plan is far worse than Ryan's, but practically speaking, neither works. Moreover, politically speaking, neither can pass.

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