National Debt & Interest Payments For Fiscal 2008

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Includes: DIA, QQQ, SPY
by: Michael Shedlock

Treasury Direct has interesting charts of Interest Expense On Debt Outstanding.


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Click here to refresh the current total of Debt Outstanding.

The Interest Expense on the Debt Outstanding includes the monthly interest for:


Interest Expense for Fiscal 2008


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The interest expense for December alone was a whopping $106 billion.
Using a three month average, Federal expenses just on interest is $615 billion.

Historical Data



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Can the government get long term rates down to 1-2% to make this much more manageable?
Tip of the hat to "Minyan Jim" for sending me the link.