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Interest Expense on the Debt Outstanding (359 Billion in FY 2012)
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Posted on 01/30/2013 7:02:55 PM PST by xzins
Interest Expense on the Debt Outstanding
The Interest Expense on the Debt Outstanding includes the monthly interest for:
Amortized discount or premium on bills, notes and bonds is also included in the monthly interest expense.
The fiscal year represents the total interest expense on the Debt Outstanding for a given fiscal year. This includes the months of October through September. View current month details (XLS Format, File size 146KB, uploaded 01/07/2013).
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Interest Expense Fiscal Year 2013 |
December |
$95,736,594,801.52 |
November |
$25,068,968,472.99 |
October |
$12,922,741,407.27 |
Fiscal Year Total |
$133,728,304,681.78 |
** Due to a change in the accounting method for the Department of Defense (DOD) market-based securities, a one time adjustment of $75 billion decreased the Interest Expense on the Public Debt for the month of July.
Available Historical Data Fiscal Year End |
2012 |
$359,796,008,919.49 |
2011 |
$454,393,280,417.03 |
2010 |
$413,954,825,362.17 |
2009 |
$383,071,060,815.42 |
2008 |
$451,154,049,950.63 |
2007 |
$429,977,998,108.20 |
2006 |
$405,872,109,315.83 |
2005 |
$352,350,252,507.90 |
2004 |
$321,566,323,971.29 |
2003 |
$318,148,529,151.51 |
2002 |
$332,536,958,599.42 |
2001 |
$359,507,635,242.41 |
2000 |
$361,997,734,302.36 |
1999 |
$353,511,471,722.87 |
1998 |
$363,823,722,920.26 |
1997 |
$355,795,834,214.66 |
1996 |
$343,955,076,695.15 |
1995 |
$332,413,555,030.62 |
1994 |
$296,277,764,246.26 |
1993 |
$292,502,219,484.25 |
1992 |
$292,361,073,070.74 |
1991 |
$286,021,921,181.04 |
1990 |
$264,852,544,615.90 |
1989 |
$240,863,231,535.71 |
1988 |
$214,145,028,847.73 |
TOPICS: Front Page News; News/Current Events
KEYWORDS: budget; debt; interest
1
posted on
01/30/2013 7:03:01 PM PST
by
xzins
To: xzins
We waste more on interest each year than Medicare, Medicaid, Education, Agriculture, Veterans, Housing, and Dept of State combined.
2
posted on
01/30/2013 7:05:18 PM PST
by
xzins
(Retired Army Chaplain and Proud of It! True supporters of our troops pray for their victory!)
To: xzins
... and interest rates are being artifically depressed by the FED to allow the federal government to amass enormous debt!
3
posted on
01/30/2013 7:16:43 PM PST
by
Ken522
To: Ken522
With more realistic interest rates and a smaller debt in 2006 and 2007, the interest payment was over 400 billion.
What will it be if interest rates rise?
Interest will exceed the entire non-defense discretionary budget. We’ll be wasting over 600 billion dollars a year due to past out of control spending.
I read one genius saying that interest doesn’t matter because we owe about half of it to the social security fund, so we’ll be paying it back to ourselves. As if spending more on interest than discretionary spending was different because we were sending granny her social security check with payback money instead of paying her medicare.
4
posted on
01/30/2013 7:24:04 PM PST
by
xzins
(Retired Army Chaplain and Proud of It! True supporters of our troops pray for their victory!)
To: xzins
223 trillion with all the books involved. Never talked about, we are past being a joke. If your old, keep a good relationship with your children. You will live with them as our grand kids will vote the lie of social security away, with new government promises of course.
Don’t feel bad, your grand parents lived with their kids to.
5
posted on
01/30/2013 7:29:23 PM PST
by
foundedonpurpose
(It's time for a fundamental restoration, of our country's principles!)
To: foundedonpurpose
How anyone thinks they annually borrow 1/3 of their spending money is beyond me. It has to be a form of insanity.
6
posted on
01/30/2013 7:35:01 PM PST
by
xzins
(Retired Army Chaplain and Proud of It! True supporters of our troops pray for their victory!)
To: xzins
Sci-fi became big in the 60’s and 70’s. Read enough of it and it is believable. I think we have a Sci-fi believing group of politicians.
They are nut’s, yes! ( They believe in Fantasy)
7
posted on
01/30/2013 7:41:25 PM PST
by
foundedonpurpose
(It's time for a fundamental restoration, of our country's principles!)
To: foundedonpurpose; Ken522
** Due to a change in the accounting method for the Department of Defense (DOD) market-based securities, a one time adjustment of $75 billion decreased the Interest Expense on the Public Debt for the month of July.
I just noticed the above. The "adjustment" was in their favor and meant they didn't have to report interest payments of 430 billion. Add Homeland Security and Deptmt of Energy to the list.
8
posted on
01/30/2013 7:52:26 PM PST
by
xzins
(Retired Army Chaplain and Proud of It! True supporters of our troops pray for their victory!)
To: xzins
Thank You! Due diligence of the stupidity is important!
Where do we keep records? Maybe Free Republc is the answer...
9
posted on
01/30/2013 8:14:31 PM PST
by
foundedonpurpose
(It's time for a fundamental restoration, of our country's principles!)
To: foundedonpurpose; P-Marlowe; Jim Robinson
450 billion is amazing. That’s only 200 billion away from the Defense Department budget less the overseas wars (contingency) pot of money.
And they say debt doesn’t matter.
If I were borrowing money to pay for my prescriptions, but was sending an 8th of my income to the bank in “interest only” then I’d know something bad was barreling toward me.
10
posted on
01/30/2013 8:29:42 PM PST
by
xzins
(Retired Army Chaplain and Proud of It! True supporters of our troops pray for their victory!)
To: xzins
Not if you include the ‘Mandatory’ spending figures (and why wouldn’t you?).
11
posted on
01/31/2013 2:33:31 AM PST
by
Moltke
("I am Dr. Sonderborg," he said, "and I don't want any nonsense.")
To: Moltke
I don’t understand your question. (Honestly)
12
posted on
01/31/2013 5:19:33 AM PST
by
xzins
(Retired Army Chaplain and Proud of It! True supporters of our troops pray for their victory!)
To: xzins
Your comment in post #2 seems to refer to the figures in the ‘Discretionary’ column. The sum of the figures in the ‘Mandatory’ column is much greater than the interest payment figure.
So the question would be, why not look at the total sum of both columns when making that comparison?
13
posted on
01/31/2013 8:06:33 AM PST
by
Moltke
("I am Dr. Sonderborg," he said, "and I don't want any nonsense.")
To: Moltke
I don’t know. When I first looked at it, I was thinking it was just 10 years versus 1 year. Looking closely at it, that clearly can’t be what it is.
I’m going to have to read more about it. Wish I had a better answer than that, but that’s where I’m at right now.
14
posted on
01/31/2013 8:26:46 AM PST
by
xzins
(Retired Army Chaplain and Proud of It! True supporters of our troops pray for their victory!)
To: xzins
My interpretation would be the following:
Mandatory: The budget that must be expended. (Like paying the mortage.)
Discretionary: Slush fund for pet projects and such. (Like walking around money for a night out on the town.)
That’s why the figures in the last coulumn are so much larger.
But there’s no need to delve into this any further - I was just making an offhand comment.
15
posted on
01/31/2013 10:14:19 AM PST
by
Moltke
("I am Dr. Sonderborg," he said, "and I don't want any nonsense.")
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