Borrowing to Cover Interest--Who Would Do That?

Recent economic reports put economic growth at a strong 3.5% for 2005. However, the annual budget deficit will reach 400+ billion dollars or around 16% of expenditures. The annual interest paid on our accumulated national debt will end up being around 350 billion dollars for 2005—almost as much as we are borrowing each year!

Do the Kurds Hold a Key to Peace?

It is possible that the key to the multiple crises of anarchy and civil war in Iraq, potential nuclear weapons in Iran, and the promotion of Islamic terrorism by many Middle Eastern states lies with the Kurds.