Sunday, March 21, 2010

National Debt Service

How much is our National Debt Service? Stated another way, how much is the interest on the United States’ National Debt? In the fiscal year ended September 30, 2009, the interest on the national debt was $383 billion, making Interest Expense one of the largest components of the federal budget. In fact, interest on the national debt accounted for over 27% of our 2009 federal budget deficit. That’s a lot of “National Debt Service”, but it could have been much worse. Current low interest rates are keeping our national debt service numbers from being astronomical...read more

2 comments:

  1. This is one of the amazing article about Debt that you have shared in this post. I would like to read some of the marvelous information.
    legaldebtcollection - Debt Recovery Singapore

    ReplyDelete
  2. Very Good information about Debt you posted. Must need such useful information related to this topic.

    Debt Collection Singapore

    ReplyDelete