Posted by aimee on Monday, September 20, 2010 at 9:56am.
The federal debt increases each year due to interest costs.
So, if there were a budget surplus GREATER than the interest costs, the debt will go down. Otherwise, the debt keeps increasing.
Some will argue this is wrong, one should only consider "real, non inflated" costs. I am not so certain that is much more than smoke and mirrors.
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