Interest paid by the US Government

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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.

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