Washington's $5 trillion interest bill
March 5th, 2012
07:22 AM ET
2 years ago

Washington's $5 trillion interest bill

New York (CNNMoney) - Interest rates on U.S. bonds may be ridiculously low, but that doesn't mean the country's future interest payments on the national debt will be.

Uncle Sam will shell out more than $5 trillion in interest payments over the next decade, according to the latest projections from the Congressional Budget Office.

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Filed under: Debt
soundoff (6 Responses)
  1. diridi

    Two Wars of Republicans cost this nation a heck of money. Now nation is recuperating. GOP tax cuts looted this nation. learn, listen, and vote. It is Republican fault, no agenda, no thinking. Only their goal is to bring down this nation, and Obama. true,

    March 5, 2012 07:46 am at 7:46 am |
  2. Anonymous

    Cue the extreme rightwing screechmonkeys in 4,3,2,1.....

    And to counter the usual poutrage, lets get the lies out of the way first. President Obama is NOT responsible for the most debt in history. The GOBP deathcult is responsible for most of the debt, thanks to the Bush and Reagan tax cuts, two unfunded wars and Medicare B. President Obama, in three years, has NOT exceeded Bush's debts of eight years (see previous sentence). That said, let the radical rightwing lyin' begin!

    March 5, 2012 07:52 am at 7:52 am |
  3. Rudy NYC

    George W. Bush's top economic advisor, current Indiana Gov. Mitch Daniels, made the prediction of annual trillion dollar deficits a decade ago, back when they were contemplating and pushing for the Bush Tax Cuts. The Bush administration didn't like dissention within the ranks, so they fired Daniels. The remarks are what preceded VP Cheney to utter his now infamous remark, "Deficits don't matter." Republicans point fingers at Pres. Obama all they want, but path that we are on now was set a decade ago.

    March 5, 2012 08:06 am at 8:06 am |
  4. Namejkane fl live from teapublican moon base no taxes, no regulation no health care, free gas.

    Of course the republican clowns aren't responable for any of it, we all know that right??? Dem landslide coming in Nov.

    March 5, 2012 08:08 am at 8:08 am |
  5. GI Joe.

    AND it will get worse with Romney, who is projected to add $3.4 Trillion more (the highest of all).

    March 5, 2012 08:17 am at 8:17 am |
  6. GI Joe.

    OOPS - Romney's $3.4 trillion tax cuts for the wealthier -

    March 5, 2012 08:20 am at 8:20 am |