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Message Subject Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,'
Poster Handle Anonymous Coward
Post Content
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

 Quoting: Anonymous Coward 45189860

Keep in mind that is just the interest expense on the debt outstanding for the fiscal year 2013.

You all have to pay that and the outstanding debt.

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