ST Alpha - ""The White House estimates that the government�s tab for servicing the (national) debt will exceed $700 billion a year in 2019"" (Reading a Post)

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"The White House estimates that the government�s tab for servicing the (national) debt will exceed $700 billion a year in 2019"

Posted by Loyola Nov 24 '09, 06:43

up from $202 billion this year, even if annual budget deficits shrink drastically. Other forecasters say the figure could be much higher.

In concrete terms, an additional $500 billion a year in interest expense would total more than the combined federal budgets this year for education, energy, homeland security and the wars in Iraq and Afghanistan."

http://georgewashington2.blogspot.com/ (georgewashington2.blogspot.com)

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The real question: What will that 700 billion be as a percentage of GDP. -- nm - TWuG Nov 24, 06:47 1
- Interest payments come from the current account, and represent yearly outgoings from the government revenue generated. Very roughly, 700bn from a gov - Loyola Nov 24, 07:17

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"The White House estimates that the government�s tab for servicing the (national) debt will exceed $700 billion a year in 2019"

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