Do you know how much we pay on JUST INTERESTon the National Debt each year?

[Manonthestreet]

Sad part is a little restraint by this Pres and last one we could have been paying down instead of adding more with all the record revenue yrs govt has enjoyed

 

[TooTall]

This is without actually paying off any of the debt, which we have never done in living memory. But we can't avoid paying the interest on that debt, every year.

From the Statistical Abstract of the United States:

Year . . . . . . Interest paid on National Debt
2009 . . . . . . $383 billion
2010 . . . . . . . 414 billion
2011 . . . . . . . 430 billion

So we are paying $383 billion/year on the Pre-Obama GOP National Debt of Reagan, Bush I, and Bush II and $47 billion/year on the Obama debt.

The chart only goes to 2011. It is a bit higher in 2012, 2013 and 2014.

Just wishful thinking on your part!

Actually, it's a bit lower for 2012 and 2013..

2014 $430,812,121,372.05
2013 $415,688,781,248.40
2012 $359,796,008,919.49

The chart only goes to 2011. It is a bit higher in 2012, 2013 and 2014.

Which I pointed out in the OP, and the liberal you're quoting carefully cut out:

But if the trend continues as it has, we're probably paying up to $480 billon per year by now. And if interest rates rise, it could quickly become $500B, $600B or more. Every year.

Probably should have raised taxes to cover the bills, maybe spent less and grown the economy more? Yep.

Obama did raise the taxes, but he spent more and put so many regulations in effect economic growth was lowered.

 

[TooTall]

This is without actually paying off any of the debt, which we have never done in living memory. But we can't avoid paying the interest on that debt, every year.

From the Statistical Abstract of the United States:

Year . . . . . . Interest paid on National Debt
2009 . . . . . . $383 billion
2010 . . . . . . . 414 billion
2011 . . . . . . . 430 billion

So we are paying $383 billion/year on the Pre-Obama GOP National Debt of Reagan, Bush I, and Bush II and $47 billion/year on the Obama debt.

The chart only goes to 2011. It is a bit higher in 2012, 2013 and 2014.

Just wishful thinking on your part!

Actually, it's a bit lower for 2012 and 2013..

2014 $430,812,121,372.05
2013 $415,688,781,248.40
2012 $359,796,008,919.49

You are rather stupid. The national debt has increased and that increases the interest that has to be paid.

 

[PaintMyHouse]

This is without actually paying off any of the debt, which we have never done in living memory. But we can't avoid paying the interest on that debt, every year.

From the Statistical Abstract of the United States:

Year . . . . . . Interest paid on National Debt
2009 . . . . . . $383 billion
2010 . . . . . . . 414 billion
2011 . . . . . . . 430 billion

So we are paying $383 billion/year on the Pre-Obama GOP National Debt of Reagan, Bush I, and Bush II and $47 billion/year on the Obama debt.

The chart only goes to 2011. It is a bit higher in 2012, 2013 and 2014.

Just wishful thinking on your part!

Actually, it's a bit lower for 2012 and 2013..

2014 $430,812,121,372.05
2013 $415,688,781,248.40
2012 $359,796,008,919.49

The chart only goes to 2011. It is a bit higher in 2012, 2013 and 2014.

Which I pointed out in the OP, and the liberal you're quoting carefully cut out:

But if the trend continues as it has, we're probably paying up to $480 billon per year by now. And if interest rates rise, it could quickly become $500B, $600B or more. Every year.

Probably should have raised taxes to cover the bills, maybe spent less and grown the economy more? Yep.

Obama did raise the taxes, but he spent more and put so many regulations in effect economic growth was lowered.

Not many regulations at all actually, and the government is smaller and deficits as well. It's been a terrible recovery but that's hardly his fault. When people can;t find jobs and the money flows only upwards the economy suffers and so do we.

 

[TooTall]

This is without actually paying off any of the debt, which we have never done in living memory. But we can't avoid paying the interest on that debt, every year.

From the Statistical Abstract of the United States:

Year . . . . . . Interest paid on National Debt
2009 . . . . . . $383 billion
2010 . . . . . . . 414 billion
2011 . . . . . . . 430 billion

So we are paying $383 billion/year on the Pre-Obama GOP National Debt of Reagan, Bush I, and Bush II and $47 billion/year on the Obama debt.

The chart only goes to 2011. It is a bit higher in 2012, 2013 and 2014.

Just wishful thinking on your part!

Actually, it's a bit lower for 2012 and 2013..

2014 $430,812,121,372.05
2013 $415,688,781,248.40
2012 $359,796,008,919.49

The chart only goes to 2011. It is a bit higher in 2012, 2013 and 2014.

Which I pointed out in the OP, and the liberal you're quoting carefully cut out:

But if the trend continues as it has, we're probably paying up to $480 billon per year by now. And if interest rates rise, it could quickly become $500B, $600B or more. Every year.

Probably should have raised taxes to cover the bills, maybe spent less and grown the economy more? Yep.

Obama did raise the taxes, but he spent more and put so many regulations in effect economic growth was lowered.

Not many regulations at all actually, and the government is smaller and deficits as well. It's been a terrible recovery but that's hardly his fault. When people can;t find jobs and the money flows only upwards the economy suffers and so do we.

How many is not many? The problem is compounded by the regulations on small businesses that account for the vast majority of jobs.

"Last year, 3,659 new final rules were issued, while nearly as many, 3,300 have been proposed. The 26,417 pages added to the Federal Registry last year brought the total to 79,311 pages, the fourth-highest ever recorded. Four of the five highest years for pages in the Federal Registry came during Obama’s time in office; the fifth-highest was when George W. Bush was president.

The overall cost of these regulations to the economy is about $1.9 trillion annually, Crews estimates. This would be about $14,974 per American household in increased compliance costs passed on to the consumer. The regulatory cost is even more harmful to businesses with fewer than 20 employees, which have an additional $10,585 per employee cost, compared with larger companies that have a $7,755 per employee cost annually. Businesses with fewer than 20 employees pay an average of $10,585 per employee, compared to $7,755 for companies with 500 or more employees."

 

[PaintMyHouse]

This is without actually paying off any of the debt, which we have never done in living memory. But we can't avoid paying the interest on that debt, every year.

From the Statistical Abstract of the United States:

Year . . . . . . Interest paid on National Debt
2009 . . . . . . $383 billion
2010 . . . . . . . 414 billion
2011 . . . . . . . 430 billion

So we are paying $383 billion/year on the Pre-Obama GOP National Debt of Reagan, Bush I, and Bush II and $47 billion/year on the Obama debt.

The chart only goes to 2011. It is a bit higher in 2012, 2013 and 2014.

Just wishful thinking on your part!

Actually, it's a bit lower for 2012 and 2013..

2014 $430,812,121,372.05
2013 $415,688,781,248.40
2012 $359,796,008,919.49

You are rather stupid. The national debt has increased and that increases the interest that has to be paid.

So we are paying $383 billion/year on the Pre-Obama GOP National Debt of Reagan, Bush I, and Bush II and $47 billion/year on the Obama debt.

The chart only goes to 2011. It is a bit higher in 2012, 2013 and 2014.

Just wishful thinking on your part!

Actually, it's a bit lower for 2012 and 2013..

2014 $430,812,121,372.05
2013 $415,688,781,248.40
2012 $359,796,008,919.49

The chart only goes to 2011. It is a bit higher in 2012, 2013 and 2014.

Which I pointed out in the OP, and the liberal you're quoting carefully cut out:

But if the trend continues as it has, we're probably paying up to $480 billon per year by now. And if interest rates rise, it could quickly become $500B, $600B or more. Every year.

Probably should have raised taxes to cover the bills, maybe spent less and grown the economy more? Yep.

Obama did raise the taxes, but he spent more and put so many regulations in effect economic growth was lowered.

Not many regulations at all actually, and the government is smaller and deficits as well. It's been a terrible recovery but that's hardly his fault. When people can;t find jobs and the money flows only upwards the economy suffers and so do we.

How many is not many? The problem is compounded by the regulations on small businesses that account for the vast majority of jobs.

"Last year, 3,659 new final rules were issued, while nearly as many, 3,300 have been proposed. The 26,417 pages added to the Federal Registry last year brought the total to 79,311 pages, the fourth-highest ever recorded. Four of the five highest years for pages in the Federal Registry came during Obama’s time in office; the fifth-highest was when George W. Bush was president.

The overall cost of these regulations to the economy is about $1.9 trillion annually, Crews estimates. This would be about $14,974 per American household in increased compliance costs passed on to the consumer. The regulatory cost is even more harmful to businesses with fewer than 20 employees, which have an additional $10,585 per employee cost, compared with larger companies that have a $7,755 per employee cost annually. Businesses with fewer than 20 employees pay an average of $10,585 per employee, compared to $7,755 for companies with 500 or more employees."

Welcome to the Economies of Scale.

 

[rightwinger]

This is without actually paying off any of the debt, which we have never done in living memory. But we can't avoid paying the interest on that debt, every year.

From the Statistical Abstract of the United States:

Year . . . . . . Interest paid on National Debt
2009 . . . . . . $383 billion
2010 . . . . . . . 414 billion
2011 . . . . . . . 430 billion

The government has stopped printing the Statistical Abstract (and these figures may hint at why). But if the trend continues as it has, we're probably paying up to $480 billon per year by now. And if interest rates rise, it could quickly become $500B, $600B or more. Every year.

That means we, the taxpayers, are paying $5,500 for every family of four in the country. Every year. (More if the National Debt increases, which it does every year).

And it's money that buys us nothing. It just the rental fee for the $17 Trillion dollars we've already borrowed. And which the liberals say we don't have to repay. As long as we keep paying that $5,500 every year. Every family of four. Forever.

Could you have used that $5,500 for something else last year?

How about the $5,500 (probably higher than that) that you'll also pay next year?

Ask yourself that, the next time the big-spending big-government pushers tell you that there's no reason to pay off the National Debt.

What interest rate do we pay?

 

[rdean]

Think about where that debt came from.

Three trillion from the deficit creating Bush Tax Cuts.

Two unpaid for wars costing trillions.

Tens of thousands of young Americans maimed for life costing trillions more into the future.

A trillion from the Drugs for votes scam.

Trillions lost when the GOP deregulated economy finally collapsed.

Trillions lost from the millions of jobs moved to China from 2001 to 2008.

Trillions lost when over 40,000 factories closed from 2001 to 2008.

So what have we learned from that? That we need to vote more Republicans into office so they can finish the job they started under Bush.

 

[Toddsterpatriot]

This is without actually paying off any of the debt, which we have never done in living memory. But we can't avoid paying the interest on that debt, every year.

From the Statistical Abstract of the United States:

Year . . . . . . Interest paid on National Debt
2009 . . . . . . $383 billion
2010 . . . . . . . 414 billion
2011 . . . . . . . 430 billion

So we are paying $383 billion/year on the Pre-Obama GOP National Debt of Reagan, Bush I, and Bush II and $47 billion/year on the Obama debt.

The chart only goes to 2011. It is a bit higher in 2012, 2013 and 2014.

Just wishful thinking on your part!

Actually, it's a bit lower for 2012 and 2013..

2014 $430,812,121,372.05
2013 $415,688,781,248.40
2012 $359,796,008,919.49

The chart only goes to 2011. It is a bit higher in 2012, 2013 and 2014.

Which I pointed out in the OP, and the liberal you're quoting carefully cut out:

But if the trend continues as it has, we're probably paying up to $480 billon per year by now. And if interest rates rise, it could quickly become $500B, $600B or more. Every year.

Probably should have raised taxes to cover the bills, maybe spent less and grown the economy more? Yep.

Obama did raise the taxes, but he spent more and put so many regulations in effect economic growth was lowered.

Not many regulations at all actually, and the government is smaller and deficits as well. It's been a terrible recovery but that's hardly his fault. When people can;t find jobs and the money flows only upwards the economy suffers and so do we.

Not many regulations at all actually, and the government is smaller

Smaller based on which metric?

 

[Toddsterpatriot]

Think about where that debt came from.

Three trillion from the deficit creating Bush Tax Cuts.

Two unpaid for wars costing trillions.

Tens of thousands of young Americans maimed for life costing trillions more into the future.

A trillion from the Drugs for votes scam.

Trillions lost when the GOP deregulated economy finally collapsed.

Trillions lost from the millions of jobs moved to China from 2001 to 2008.

Trillions lost when over 40,000 factories closed from 2001 to 2008.

So what have we learned from that? That we need to vote more Republicans into office so they can finish the job they started under Bush.

Three trillion from the deficit creating Bush Tax Cuts.

Bush saved Americans $3 trillion with his tax cuts? Excellent!

Two unpaid for wars costing trillions.

Unpaid for, what the hell does that mean?
Unless checks bounced, all government spending is "paid for".

Trillions lost when the GOP deregulated economy finally collapsed.

Deregulated? That's hilarious! Bush added more regulations every year.

 

[PaintMyHouse]

So we are paying $383 billion/year on the Pre-Obama GOP National Debt of Reagan, Bush I, and Bush II and $47 billion/year on the Obama debt.

The chart only goes to 2011. It is a bit higher in 2012, 2013 and 2014.

Just wishful thinking on your part!

Actually, it's a bit lower for 2012 and 2013..

2014 $430,812,121,372.05
2013 $415,688,781,248.40
2012 $359,796,008,919.49

The chart only goes to 2011. It is a bit higher in 2012, 2013 and 2014.

Which I pointed out in the OP, and the liberal you're quoting carefully cut out:

But if the trend continues as it has, we're probably paying up to $480 billon per year by now. And if interest rates rise, it could quickly become $500B, $600B or more. Every year.

Probably should have raised taxes to cover the bills, maybe spent less and grown the economy more? Yep.

Obama did raise the taxes, but he spent more and put so many regulations in effect economic growth was lowered.

Not many regulations at all actually, and the government is smaller and deficits as well. It's been a terrible recovery but that's hardly his fault. When people can;t find jobs and the money flows only upwards the economy suffers and so do we.

Not many regulations at all actually, and the government is smaller

Smaller based on which metric?

Number of Federal employees in this case.

 

[Toddsterpatriot]

The chart only goes to 2011. It is a bit higher in 2012, 2013 and 2014.

Just wishful thinking on your part!

Actually, it's a bit lower for 2012 and 2013..

2014 $430,812,121,372.05
2013 $415,688,781,248.40
2012 $359,796,008,919.49

Which I pointed out in the OP, and the liberal you're quoting carefully cut out:

Probably should have raised taxes to cover the bills, maybe spent less and grown the economy more? Yep.

Obama did raise the taxes, but he spent more and put so many regulations in effect economic growth was lowered.

Not many regulations at all actually, and the government is smaller and deficits as well. It's been a terrible recovery but that's hardly his fault. When people can;t find jobs and the money flows only upwards the economy suffers and so do we.

Not many regulations at all actually, and the government is smaller

Smaller based on which metric?

Number of Federal employees in this case.

And that number is fewer than what year by how many?

 

[Wry Catcher]

This is without actually paying off any of the debt, which we have never done in living memory. But we can't avoid paying the interest on that debt, every year.

From the Statistical Abstract of the United States:

Year . . . . . . Interest paid on National Debt
2009 . . . . . . $383 billion
2010 . . . . . . . 414 billion
2011 . . . . . . . 430 billion

The government has stopped printing the Statistical Abstract (and these figures may hint at why). But if the trend continues as it has, we're probably paying up to $480 billon per year by now. And if interest rates rise, it could quickly become $500B, $600B or more. Every year.

That means we, the taxpayers, are paying $5,500 for every family of four in the country. Every year. (More if the National Debt increases, which it does every year).

And it's money that buys us nothing. It just the rental fee for the $17 Trillion dollars we've already borrowed. And which the liberals say we don't have to repay. As long as we keep paying that $5,500 every year. Every family of four. Forever.

Could you have used that $5,500 for something else last year?

How about the $5,500 (probably higher than that) that you'll also pay next year?

Ask yourself that, the next time the big-spending big-government pushers tell you that there's no reason to pay off the National Debt.

Hyperbole, but here's a way to safe $1.45 TRILLION:
Google cost of f-35 program

 

[boedicca]

The US WILL end up declaring bankruptcy and starting over.
We should elect a conservative POTUS in 2016 and restructure EVERYTHING and declare bankruptcy. Just start anew.
Step 1. Change to national sales tax. Tough shit if you think that's unfair to poor people. MUST be done.

It's also unfair to some businesses. I'm assuming you're advocating the repeal of the income tax and having a 15-20% sales tax instead. If that's true, you can say good bye to the used car business. Even today people do private sales so they can fudge the sale price and pay less in sales tax and that's at the 5-7% common today. Who's ever going to go to a used car lot in the future, if the sales tax is 15-20%? Congratulations, you've just flushed a man's business down the toilet.

People who can do math and see that a Used Car + Sales Tax is still far less expensive than a New Car + Sales Tax.

 

[PaintMyHouse]

Just wishful thinking on your part!

Actually, it's a bit lower for 2012 and 2013..

2014 $430,812,121,372.05
2013 $415,688,781,248.40
2012 $359,796,008,919.49

Probably should have raised taxes to cover the bills, maybe spent less and grown the economy more? Yep.

Obama did raise the taxes, but he spent more and put so many regulations in effect economic growth was lowered.

Not many regulations at all actually, and the government is smaller and deficits as well. It's been a terrible recovery but that's hardly his fault. When people can;t find jobs and the money flows only upwards the economy suffers and so do we.

Not many regulations at all actually, and the government is smaller

Smaller based on which metric?

Number of Federal employees in this case.

And that number is fewer than what year by how many?

Google is your friend, use it.

 

[Little-Acorn]

I see the thread has gotten completely off the subject - the usual result of little housepainter entering the thread.

Back to the subject:
Do you know how much we pay on JUST INTEREST on the National Debt each year?

This is without actually paying off any of the debt, which we have never done in living memory. But we can't avoid paying the interest on that debt, every year.

From the Statistical Abstract of the United States:

Year . . . . . . Interest paid on National Debt
2009 . . . . . . $383 billion
2010 . . . . . . . 414 billion
2011 . . . . . . . 430 billion

The government has stopped printing the Statistical Abstract (and these figures may hint at why). But if the trend continues as it has, we're probably paying up to $480 billon per year by now. And if interest rates rise, it could quickly become $500B, $600B or more. Every year.

That means we, the taxpayers, are paying $5,500 for every family of four in the country. Every year. (More if the National Debt increases, which it does every year).

And it's money that buys us nothing. It just the rental fee for the $17 Trillion dollars we've already borrowed. And which the liberals say we don't have to repay. As long as we keep paying that $5,500 every year. Every family of four. Forever.

Could you have used that $5,500 for something else last year?

How about the $5,500 (probably higher than that) that you'll also pay next year?

Ask yourself that, the next time the big-spending big-government pushers tell you that there's no reason to pay off the National Debt.

 

[HenryBHough]

Why worry about interest when Obama can just print more money when the bill comes in?

 

[PaintMyHouse]

Why worry about interest when Obama can just print more money when the bill comes in?

That's one way out.

 

[edthecynic]

This is without actually paying off any of the debt, which we have never done in living memory. But we can't avoid paying the interest on that debt, every year.

From the Statistical Abstract of the United States:

Year . . . . . . Interest paid on National Debt
2009 . . . . . . $383 billion
2010 . . . . . . . 414 billion
2011 . . . . . . . 430 billion

So we are paying $383 billion/year on the Pre-Obama GOP National Debt of Reagan, Bush I, and Bush II and $47 billion/year on the Obama debt.

The chart only goes to 2011. It is a bit higher in 2012, 2013 and 2014.

Just wishful thinking on your part!

Actually, it's a bit lower for 2012 and 2013..

2014 $430,812,121,372.05
2013 $415,688,781,248.40
2012 $359,796,008,919.49

You are rather stupid. The national debt has increased and that increases the interest that has to be paid.

Well, those are the actual numbers, to the penny!

So I guess that makes you as stupid as Gowdy said you were since you foamed at the mouth based on your "FEELINGS" before actually looking up the numbers.

Government - Interest Expense on the Debt Outstanding

 

[rdean]

Think about where that debt came from.

Three trillion from the deficit creating Bush Tax Cuts.

Two unpaid for wars costing trillions.

Tens of thousands of young Americans maimed for life costing trillions more into the future.

A trillion from the Drugs for votes scam.

Trillions lost when the GOP deregulated economy finally collapsed.

Trillions lost from the millions of jobs moved to China from 2001 to 2008.

Trillions lost when over 40,000 factories closed from 2001 to 2008.

So what have we learned from that? That we need to vote more Republicans into office so they can finish the job they started under Bush.

Three trillion from the deficit creating Bush Tax Cuts.

Bush saved Americans $3 trillion with his tax cuts? Excellent!

Two unpaid for wars costing trillions.

Unpaid for, what the hell does that mean?
Unless checks bounced, all government spending is "paid for".

Trillions lost when the GOP deregulated economy finally collapsed.

Deregulated? That's hilarious! Bush added more regulations every year.

God you're dumb. Seriously. If you cut taxes and don't offset it with spending cuts, you create deficits. Not knowing that makes you stupid.

We paid for those wars with money we borrowed from China therefore increasing the deficit. Not knowing that makes you a moron.

Bush, the head of the party of deregulation added more regulations? Possibly, but not regulations that protected us from predatory insurance scams and bundled mortgages.

Where is the Money Going - Big Banks Back to Old Tricks Bundling Loans and Mortgages for Investments - AllGov - News

And not knowing that suggests you may be a tard.

However, there is a cure for such mental delusions. It's called "education". Get some.