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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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