I took a look at the Treasury Direct website to see if the latest Interest figures were out. Sure enough, they were. For the current fiscal year, the U.S. Government paid $410,791,175,365.56 in interest payments on our National Debt.
If the deficit prediction comes true next month (September is the last month in the Government's fiscal year), then we are borrowing $158 billion and paying out $411 billion in interest payments, with the final fiscal year numbers due to report in about 3 weeks.
Methinks Congress is in great need of fiscal discipline and a dose of reality.
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