Ed Case: “We are not talking about additional debt service on the additional debt that will be incurred as a result of the first…”

“We are not talking about additional debt service on the additional debt that will be incurred as a result of the first three. Those do not enter into the additional interest payment. So what we are really talking about, I guess the point I am trying to make and trying to get clarity from the gentleman, is that when we are talking even under the President's own budget of an increase of 60 percent in the national debt, assuming we agree to this budget straight out, we will assume if the President gets his way on privatization and on the Alternative Minimum Tax which we all want to do on the reasonable costs of the war, on other initiatives, not to mention further cuts in any taxes or continuation of any tax reductions, we are talking about trillions of dollars of additional debt during that same period.”