Sentences with phrase «interest on the national debt»

Just keeping the lights on, i.e. simply paying interest on the national debt, plus all the mandatory entitlement programs, burns through almost 100 % of their tax revenue.

Such an increase would raise the U.S. debt - to - GDP ratio from 75 % to 85 % and send the cost of interest on our national debt to 13 % of all spending from 7.5 % currently.

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.

Therefore, I am defining the real fiscal cliff as a point in time when the United States realizes it no longer has the ability to service the principal and interest on its national debts with the money it annually takes in from its citizens.

That law set strict limits on the deficit, with half of any spending cutbacks coming from defense and the other half from everything else, excluding interest on the national debt and Social Security.

According to the Congressional Budget Office (CBO), interest on the national debt is among the fastest growing parts of the federal budget.

The value of 30 - year Treasury bonds has plummeted 8.9 percent between May 1 and June 7 alone, and this has more than troubling ramifications for important things like the real estate market, corporate profits, interest on the national debt and the future of U.S. equity prices.

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.

Since we run a budget deficit, the treasury has to issue bonds just to pay the interest on the national debt.

Higher interest rates would mean higher mortgages, lower employment and even more of the money people work so hard for wasted paying the interest on our national debt.

(The other two - thirds goes to entitlement programs such as Medicare and Social Security, other kinds spending required by law, and paying interest on the national debt.)

It places a binding cap on discretionary spending, which accounts for roughly one - third of the $ 3.5 trillion that the federal government spends annually (the other two - thirds goes to entitlement programs such as Medicare and Social Security, other kinds spending required by law, and paying interest on the national debt).

-- Last, we have interest on the national debt, which is classed as non-primary spending.

The government decided to penalize (tax) savers to pay the interest on our national debt!

T - Bonds and T - Notes: These long term debt issues of the Federal Government funding to keep operations running and to pay interest on national debt.