Talk It Over: Ask Public Agenda

National Debt

By jonhinton on October 2, 2008

Who gets the interest on the national debt?

3 Comments on this entry

Comments

On January 15, 2009 Anonymous says:

Be more specific if you want replies.

On February 25, 2009 Anonymous says:

Chinese gov't, oil interests in the persian gulf, japan gov't , euro gov'ts and US private interests

On August 19, 2009 Mrsbrat says:

Here is a great website that will also take you to some of the Federal government websites. This first one explains the types of debt and who owns it: http://useconomy.about.com/od/fiscalpolicy/p/US_Debt.htm

I broke the dollar amounts for China and Japan (just for the heck of it). They are China, it puts us in debt to the tune of $736 BILLION (and they hate us and send us poisonous/deadly products that we don't dare not buy and have them call in their loans) and to Japan $672 BILLION.

Another real time debt site (constantly updating and giving you how much your family owes):

http://useconomy.about.com/gi/dynamic/offsite.htm?zi=1/XJ&sdn=useconomy&...

Some interesting info on our current debt from Glenn Beck's book Common Sense:
"Our debt: $11,000,000,000,000 (that's $11 TRILLION).
Interest payment each MONTH is $26,000,000,000 ($26 Billion)
So over $300 Billion PER YEAR)

With ONE monthly interest payment of $26 Billion we could fully fund the ANNUAL BUDGETS for the
Center For Disease Control ($6.1 Billion)
Coast Guard ($8.7 Billion)
and the Department of Interior (11.1 Billion)

With the ANNUAL interest payment of $300 Billion we could FULLY FUND FOR A YEAR the Deparments of:
Commerce ($8.1 Billion)
Education ($68 Billion)
Homeland Security ($42.3 Billion)
Housing & Urban Development ($52.3 Billion)
Energy ($23.2 Billion), Justice ($25 Billion)
Labor ($49 Billion)

& in 2019 ANNUAL INTEREST PYMT $806 Billion --- This $806 Billion is MORE than it cost to fund for ALL OF LAST YEAR:
the entire Department of Debense ($583 Billion)
Veterans Affairs ($86.6 Billion)
Department of Transportation ($68.7 Billion) AND
The State Department ($18.9 Billion)"

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