National Debt & Interest Payments For Fiscal 2008
Treasury Direct has interesting charts of Interest Expense On Debt Outstanding.
Click on chart for crisper image.
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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