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re: Did he just say he cut the federal deficit?
Posted on 3/7/24 at 9:54 pm to CC
Posted on 3/7/24 at 9:54 pm to CC
quote:No. If you have $10K in credit card debt and are spending $1,000/month on the CC, then one month you only spend $800 on the CC, you have cut your deficit spending by 20%. It still doesn't affect your previous balance. In fact, the balance continues to increase.
Would not the debt decrease if the deficit also decreased?
This post was edited on 3/7/24 at 9:58 pm
Posted on 3/7/24 at 10:09 pm to Tantal
2017 672 20245 3.3% Trump
2018 1271 21516 5.9% Trump
2019 1203 22719 5.3% Trump
2020 4226 26945 15.7% Trump
2021 1483 28428 5.2% Biden
2022 2500 30928 8.1% Biden
2023 2239 33167 6.8% Biden
2018 1271 21516 5.9% Trump
2019 1203 22719 5.3% Trump
2020 4226 26945 15.7% Trump
2021 1483 28428 5.2% Biden
2022 2500 30928 8.1% Biden
2023 2239 33167 6.8% Biden
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