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Message Subject Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Poster Handle Anonymous Coward
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Anyone here have any idea how much interest is owed on the national debt now?

How much of every dollar the government spends is BORROWED?
 Quoting: Anonymous Coward 45189860


I do believe we have to borrow 1.2 trillion each year to balance the books.

The interest on the money is a good question! Most of the money borrowed these days is direct from the Fed.
 Quoting: ohnonotagain


Various figures show that the government borrows 46-48 cents for every dollar it spends.

Interest expense so far for the fiscal year 2013: $395,845,239,236.39

:P
 
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