Sentences with phrase «paying 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.

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).

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.

Not exact matches

They are to pay for their rising debt service not by taxing the population, but by selling public assets to the financial, insurance and real estate (FIRE) sectors — the very sectors which are receiving the growing interest payments on the national debts resulting from lowering taxes on wealth.

For the federal government, debt service is the interest paid on the national debt.

That $ 550,000 is called a gift that keeps on giving and you get to pay it from your taxes, new national debt and higher interest rates on your loans.

The Libertarian US Senate hopeful goes on to detail her intention to support legislation that severs the ties between government and special interests, brings our troops home from foreign lands, ends foreign aid, and pays down the national debt.

(The rest pays for mandatory entitlement programs such as Medicare and Social Security and interest on the $ 20 trillion national debt.)

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