expat_panama
Gold Member
- Apr 12, 2011
- 3,864
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That's crazy. Look:...nearly 1/2 trillion per year interest on the Republican National Debt!!! That's nearly 2 trillion over 4 years!
![fredgraph.png](/proxy.php?image=http%3A%2F%2Fresearch.stlouisfed.org%2Ffred2%2Fgraph%2Ffredgraph.png%3F%26id%3DFYOINT%2CTB3MS%26scale%3DLeft%2CRight%26range%3DCustom%2CCustom%26cosd%3D2006-01-01%2C2007-01-01%26coed%3D2011-09-30%2C2011-09-30%26line_color%3D%2523993300%2C%25230000ff%26link_values%3Dfalse%2Cfalse%26line_style%3DSolid%2CSolid%26mark_type%3DNONE%2CNONE%26mw%3D4%2C4%26lw%3D3%2C3%26ost%3D-99999%2C-99999%26oet%3D99999%2C99999%26mma%3D0%2C0%26fml%3Da%2Ca%26fq%3DAnnual%252C%2BFiscal%2BYear%2CMonthly%26fam%3Davg%2Cavg%26fgst%3Dlin%2Clin%26transformation%3Dlin%2Clin%26vintage_date%3D2012-09-06%2C2012-09-06%26revision_date%3D2012-09-06%2C2012-09-06&hash=2adfa725600c457d8906ab9090c7c42e)
The numbers mean that when Obama first came to Washington in 2007 the interest we paid was $227B per year. T-bill interest was 4.4%. Now we're paying $230B per year on 0.01% T-bill interest.
Think:
With debt rates at what they were in '07, the interest payments would be will be over a hundred trillion dollars year --and that's only if Obama drops all new spending.
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