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

[007]

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.

Actually for the millionth time... Obama Reduced Spending...

Sure he did...

 

[edthecynic]

2009 was Bush's budget, but Obama added a $787 billion dollar stimulus and spent a lot of it in 2009.

Not according to the Right at the time. Then they claimed Obama spent only 10% of the stimulus in 2009, only showing yet again that the Right is ALWAYS on both sides of EVERY issue depending on which way the wind blows at the moment.

This from Politifacts.

"Ordinarily, an incoming president has little or no influence over spending that was approved under his predecessor. So in normal circumstances,allspending for fiscal year 2009 would have been rightly tied to Bush, and fiscal 2010 would be the first year for which Obama would have prepared a budget and signed the major spending bills. And for the most part, big spending programs that require no yearly appropriations, including Social Security and Medicare, did indeed continue to operate during fiscal 2009 under the policies in effect under Bush.

But in Obama’s case, he quickly pushed through Congress and signed a large economic stimulus measure containing a combination of tax cuts and new spending in fiscal 2009. And while Bush had signed full-year appropriations for the Pentagon, the Department of Homeland Security and veterans programs, he had left the remainder of government agencies that need annual appropriations funded only through March 2009.

But it’s also true that Obamasigned a number of appropriations bills, plus other legislation and executive orders, that raised spending for the remainder of fiscal 2009 even above the path set by Bush. By our calculations, Obama can be fairly assigned responsibility for a maximum of $203 billion in additional spending for that year.

$203 billion of $1.47 TRILLION deficit which means Bush owns $1.27 trillion in 2009 deficit spending, by your own source's estimate.