>>Absolutely not. The deficit refers to each annual budget. The debt is the accumulation of the budget deficits/surpluses. Again, no one has yet to explain how we could have these surpluses and yet have the federal debt increase every year even under the Clintons.
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>Interest on the debt?
Paying of the interest on a debt gets you nowhere especially if the net amount still due continues to rise. This means you ain't even touching the principal and are not likely to even be paying off all the interest since the debt is so great.
Mark McCasland
Midlothian, TX USA