That's the way reporting on the repayment of the national debt is done. The point of the article is unchanged. Those familiar with Treasuries will understand I

That's the way reporting on the repayment of the national debt is done. The point of the article is unchanged. Those familiar with Treasuries will understand If I run a deficit of 100 dollars, borrow 100 dollars and I repay the loan by borrowing 100 dollars and the interest on both is 10 dollars, than I owe 220 dollars but I only got 100 dollars of real spending. That is what the article is saying. of the $21.4 trillion in debt, only $14 trillion funded deficits and half of those deficits were the results of rolling debt over. No funny math at all