Sentences with phrase «interest on its national debts with»

Not exact matches

The amount of debt that is projected under the extended baseline would reduce national saving and income in the long term; increase the government's interest costs, putting more pressure on the rest of the budget; limit lawmakers» ability to respond to unforeseen events; and increase the likelihood of a fiscal crisis, an occurrence in which investors become unwilling to finance a government's borrowing unless they are compensated with very high interest rates.

One wonders how the good justice would react to the civilization we are purchasing with today's federal taxes, of which, in 1974, 46 per cent went for current military operations and another 7 per cent for care of disabled veterans and the largely war - derived interest on our national debt.

In line with accounting conventions, interest on the National Debt is treated as part of public revenue expenditure, and therefore counts against the annual PSNCR.

Furthermore, with deficits at record levels and interest payments on the national debt set to rise at a real rate of 13 percent annually over the next 10 years, interest payments could reach $ 725 billion and exceed defense spending by 2018 [13] if not sooner.