Unlike The National Debt...The Annual Interest Must Be Paid

Discussion in 'Politics' started by Cammmpbell, May 10, 2012.

  1. Cammmpbell
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    Cammmpbell Senior Member

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    Since we settled the debt left from the 2nd World War only one president has actually bought back any part of the principal on the national debt.....Bill Clinton, about $400 billion.

    The debt is so much that now the annual interest has grown to nearly half a trillion dollars...second only to the annual defense budget:


    Total U S Debt


    09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

    09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accomodate Tens of Trillions)

    09/30/2007 $9,007,653,372,262.48
    09/30/2006 $8,506,973,899,215.23
    09/30/2005 $7,932,709,661,723.50
    09/30/2004 $7,379,052,696,330.32

    09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)


    09/30/2002 $6,228,235,965,597.16

    09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)


    09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

    09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

    09/30/1998 $5,526,193,008,897.62
    09/30/1997 $5,413,146,011,397.34
    09/30/1996 $5,224,810,939,135.73
    09/29/1995 $4,973,982,900,709.39
    09/30/1994 $4,692,749,910,013.32

    09/30/1993 $4,411,488,883,139.38(Debt Quadrupled By Reagan/Bush41)

    09/30/1992 $4,064,620,655,521.66
    09/30/1991 $3,665,303,351,697.03
    09/28/1990 $3,233,313,451,777.25
    09/29/1989 $2,857,430,960,187.32
    09/30/1988 $2,602,337,712,041.16
    09/30/1987 $2,350,276,890,953.00
    09/30/1986 $2,125,302,616,658.42
    09/30/1985 $1,823,103,000,000.00
    09/30/1984 $1,572,266,000,000.00
    09/30/1983 $1,377,210,000,000.00

    09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)

    09/30/1981 $997,855,000,000.00



    ..............................ANNUAL INTEREST ON THE NATIONAL DEBT...........................

    [​IMG]
     
    Last edited: May 10, 2012
  2. WillowTree
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    WillowTree Diamond Member

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    Spend some more whydonchya?
     
  3. Cammmpbell
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    Cammmpbell Senior Member

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    Just wanted to be sure all Republicans are well versed in the detailed numbers and aren't listening to FAUX NEWS.............LOL!! Small Chance!!
     
  4. mudwhistle
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    mudwhistle Diamond Member

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    Didn't you start a thread about this last week??
     
  5. WillowTree
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    WillowTree Diamond Member

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    the only one who ISN't listening is the spender in chief.. maybe he should watch a little fox news instead of just listening to his choir boys.. then we might get somewhere. now go change your diaper you stink
     
  6. SniperFire
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    SniperFire Senior Member

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    Can you Lefties grasp what it means if we allow Owebama to quadruple our National debt in 10 years as the CBO is projecting?

    We currently pay 9% of our budget for debt service.. Best case, that would rise to 36% of our ENTIRE FEDERAL BUDGET OUTLAY.

    Debt Rises Times Five
    The Congressional Budget Office projects that annual interest payments on the federal debt, currently less than $200 billion, will rise to nearly $1 trillion by 2020. Some economists warn that CBO's numbers are too optimistic and that the problem could end up being much worse.

    [​IMG]



    Mother of God.
     
  7. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Is that why Dems are criminally irresponsible in not passing a budget in three years?
     
  8. Cammmpbell
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    Cammmpbell Senior Member

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    Maybe yesterday. So far Republicans still say Clinton didn't settle any of the debt......but he did.
     
  9. SniperFire
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    SniperFire Senior Member

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    Clinton vetoed the responsible budgets forced upon him by the Republicans until he had no choice.


    If Clinton had had his way, he would have destroyed our budgets with Hillarycare.


    Now that you have your facts straight, you may continue embarrassing yourself.
     
  10. LordBrownTrout
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    LordBrownTrout Gold Member

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    Amazingly, the op didn't make mention of the current 5trillion in three years under O.
     

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