Sentences with phrase «of interest on our national debt»

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.

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.

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.

Complaining about the lack of an immediate answer to the budget question, Mr Balls said: «It is about Treasury spending from the reserve, and it has a direct bearing on the national debt as well as on our national interests.

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.

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).

He noted that interest payments on the national debt, at $ 230 billion per year, dwarf federal research budgets in all agencies combined — even at a time of low interest rates.

Payments to social security recipients, the costs of national defense, medical expenditures, and interest payments on the national debt constitute the bulk of federal government spending.

While the cost of debt for all REITs is currently cheap, National Retail appears to be very well positioned to continue earning a positive spread on its acquisitions if interest rates begin to rise thanks to its healthy cap rate.

Then there is the issue of the impending impact of increasing interest rates on our national debt... But who am I to judge forecast?

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.

Others point out that because interest rates are so low, the debt service payment on the national debt (about $ 250 billion) relative to the size of the economy is less than it was throughout most of the past three decades — 1.6 percent of American output vs. 3 percent or more during the four administrations prior to Obama.

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.

He also points out that four items in our budget consume 76 cents of every tax dollar; Medicare, Medicaid, social security, and interest on the national debt.

We can barely pay the current interest rates of close to zero percent on our national debt as it is.

«A balance transfer can be a good opportunity to save money on interest and fees while being able to get control of your debt,» said Bruce McClary, vice president of communications at the National Foundation of Credit Counseling.