Msg. 59146 of 65535 (This msg. is a reply to
59135 by
Zimbler0)
Jump:
Zim, If you owe $100 and the interest is 10%, you then owe $110. Then if you owe 3% the next year, the bill goes to $113.30. Then if you owe another 3% for the next year, the bill goes to $116.70. You do it again and you owe $120.20. That is $20 interest or 1/5 (20%) in four years. That is why you should always pay off your debt ASAP.
Geez, KTC,
this is not the sort of thing I would have expected
an obam-phile like you, or the new york crimes,
to have penned.
To my utter disbelief, the new york times seems to
be pointing out one of the lies obama spouts.
>>
A fairer calculation would give Obama much of the responsibility for an almost 10 percent budget boost in 2009, then a 13 percent increase over 2010-2013, or average annual growth of spending of just more than 3 percent over that period.
>>
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