This evening I read a new report by the CBO (Congressional Budget Office), which says that in the upcoming years, about ten percent of government spending will be allocated to covering the interest on the National Debt. Hundreds of billions each year. . .
I bet we'll be hearing a lot about that in the budget debates, I said to myself. No doubt there are folks out there right now calculating my share of the debt, and my share of the interest burden. They're planning to hit me with those big numbers as soon as the budget debate heats up and they want to spring some kind of debt-doomsday speech on me. It happens every year, like clockwork.
But this year, I'm ready for 'em . . .
Them: "Hey, Optimist: Do you realize how much of your money goes to the government just to pay the interest on the debt?"
Me: Carnac pause... "Yes, I do." Eye contact... "The answer is Zero." Another contemplative pause... "Matter of fact, it might be a negative number." Looking at watch... "Uh-oh, I'm gonna miss a meeting. See ya later."
The "Round-trip" strategy:
Just
in case you'd like to borrow my strategy and neutralize your own share
of the National Debt's interest burden, I decided to post the strategy
here. The graphic below shows the CBO chart, followed by my
"round-trip" strategy for neutralizing the interest burden effect.
Click on the graphic below to view it in full size.
