National Debt & Interest Payments For Fiscal 2008
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Treasury Direct has interesting charts of Interest Expense On Debt Outstanding.
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Click here to refresh the current total of Debt Outstanding.
The Interest Expense on the Debt Outstanding includes the monthly interest for:
- U.S. Treasury notes and bonds
- Foreign and domestic series certificates of indebtedness, notes and bonds
- Savings bonds
- Government Account Series (GAS)
- State and Local Government series (SLGs) and other special purpose securities.
Interest Expense for Fiscal 2008
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The interest expense for December alone was a whopping $106 billion.
Using a three month average, Federal expenses just on interest is $615 billion.
Historical Data
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Can the government get long term rates down to 1-2% to make this much more manageable?
Tip of the hat to "Minyan Jim" for sending me the link.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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