Showing posts with label interest payments. Show all posts
Showing posts with label interest payments. Show all posts
Wednesday, June 4, 2025

Interest on the national debt has to be paid out of current tax receipts, crowding out other spending

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 Defense department spending in fiscal 2025 is estimated to clock in at $873 billion.
Friday, May 16, 2025

USA loses last AAA rating, from Moody's, perfectly timed for after GOP can't move a budget out of committee lol

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Moody’s downgrades U.S. credit rating, citing rise in government debt ... Moody’s had been a holdout in keeping U.S. sovereign debt at the ...
Thursday, May 15, 2025

The funniest thing that's happening to Donald Trump right now is that while he tries to intimidate the Fed to reduce interest rates and they do nothing, yields are soaring all by themselves

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 The bond market is issuing a vote of no confidence in our elected leadership. One branch of Republican government thinks this is the 19th c...
Friday, September 13, 2024

Interest payments on the national debt soar to a net $843 billion with one month left in the fiscal year

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Friday, September 30, 2022

Spiking interest payments on the national debt through 2Q2022 threaten to crowd out other current spending on Social Security, Medicare, and National Defense

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 Wait until the second half is done.  This is going to be ugly.
Wednesday, April 6, 2022

Remember last fall when a bunch of Nobel economists assured us that gobs more spending by Joe Biden wouldn't have serious inflationary impacts?

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 Here's what the ring leader of Tom Nichols' vaunted expert class of economists had to say at the time: Some, however, have invoked...
Sunday, July 6, 2014

GDP less interest payments on the debt 2006-2012 is net positive $44.1 billion, that's all

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Nominal GDP, not seasonally adjusted, for the seven years 2006-2012 totals $2,941.8 billion. Nominal interest payments on the debt for all t...
Wednesday, September 18, 2013

American Businesses Have Saved $2.8 Trillion In Last Four Years Due To ZIRP

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In the form of lower borrowing costs, according to this story from Bloomberg: America’s companies, from Apple Inc. (AAPL) to Verizon Communi...
Friday, April 26, 2013

Big Deal: Debt To GDP Ratio Comes In At 105%

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The debt  as of 4/24/13 was $16.7943 trillion. GDP in the latest report was $16.0102 trillion. So the one divided by the other yields 1.05,...
Sunday, December 23, 2012

Interest Payments On The Debt Are Not Counted As GDP

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So says this guy, here , discussing government spending for GDP purposes: d. Interest paid on government bonds is NOT counted as part of GDP...

Interest Payments On The Debt Continue To Consume GDP Gains

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Interest payments on the debt are reported here . For the 7 fiscal years from 2006 to 2012, interest payments have totaled $2.898 trillion. ...
Saturday, July 28, 2012

Interest On The Debt 2007-2012 Has Completely Swallowed GDP Growth

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Using the numbers from the June Z.1 release from the Federal Reserve, combined with the latest revisions to GDP from the Bureau of Economic ...
Friday, July 27, 2012

Q2 2012 Anemic GDP Nearly Swallowed Whole By June's Debt Service Payment

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WTOP reports the annualized dollar figure for Q2 2012 GDP at almost $118 billion, here : Current-dollar GDP increased at an annual rate of $...
Sunday, July 15, 2012

HELOC Required Payments Are Set To Explode Between 2012-2018

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Today, just $11 billion in home equity lines of credit require both principal and interest payments. By 2018 the number will be ten times th...
Saturday, June 23, 2012

Since 2005, Interest Payments On Federal Debt Have Consumed 91% Of GDP Gains

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YEAR GDP INTEREST (billions of dollars) 2005  770  352 2006  754  406 2007  651  430 2008  263  451 2009 (352) 383 2010  587  414 2011  568 ...
Sunday, November 27, 2011

Interest on Federal Debt Topped $454 Billion in Fiscal 2011

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So says the US Department of the Treasury here . With fiscal 2011 receipts running at $2.3 trillion according to Treasury here , interest pa...
Monday, November 21, 2011

Michael Barone Joins The Liberal Chorus Attacking Progressive Taxation

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You heard me right, the liberal chorus attacking the progressive tax code, in this case the progressive tax code's deductibility provisi...
Wednesday, September 7, 2011

Liberals Love Progressive Taxation. Progressive Tax Deductions? Not So Much.

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Peter Orszag for Bloomberg here  likes the idea of flat tax deductions for some reason, but not flat taxes. Maybe it's because such equa...
Wednesday, July 13, 2011

Treasury's Own Figures Show It Has Plenty of Cash Flow To Pay Seniors

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[A]ccording to the Daily Treasury Statements published by the U.S. Treasury Department, the ongoing flow of federal tax revenue since the Tr...

'Uncle Sam Would Not Qualify For A Home Mortgage'

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So says Bill Wilson of Americans for Limited Government  here : Currently, the U.S. is paying about 3 percent interest on the $14.3 trillion...