2010 Stimulus Check & 2009 Stimulus Check

...Information about the 2010 Stimulus Check

February 26th, 2009

...now browsing by day

 

Interest paid by the US Government

Thursday, February 26th, 2009

Have you thought about how much money the United States Government spends each year on interest payments for the $10.6 Trillion dollars it owes?  About $253 Billion.   A year.  It is only going to get worse.  Those numbers haven’t factored in the $787 Billion Stimulus Bill that Obama passed this month in Denver.

Some republicans are estimating that the actual cost of the Stimulus Act is closer to $1.1 Trillion after taking into account the additional money required to service the growing debt.  Over time the payments for the debt will grow to $447 Billion in 2013 and $694 Billion in 2019.

Just be glad that isn’t your Credit Card bill.

If you want to read the official budget for Obama click here.