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And, if you were to balance the Federal budget, you would inflate away 75% of the national debt in 50 years at 3% inflation. But, only a balanced budget amendme
by wrycoder 2y ago
And, if you were to balance the Federal budget, you would inflate away 75% of the national debt in 50 years at 3% inflation. But, only a balanced budget amendment to the Constitution could accomplish that.
- mdorazio 2y agoHow are you calculating that? The national debt itself currently has an average interest rate higher than 3%.
- AnthonyMouse 2y ago"Balanced budget" presumably includes paying the interest on existing debt in the current year rather than recapitalizing it.