America Going Broke
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JoeUser Forums
JoeUser Forums
lets get to the facts of what the increase in the federal deficit has been over the past eight years. The source of this information is the Bureau of public debt of the United State's treasure. Joe user's access this information directly by going to the following web site: www.publicdebt.treas.gov/opd/opdpdodt.htm
As if 30 September Increase over prior year in Billions
2005 (projected) 675
2004 596
2003 555
2002 421
2001 133
2000 18 Balanced Budget
1999 130
1998 113
As of September 30 2005, we will have added 2.380 Trillion to the National debt since Sept 30, 2000. At 5% interest that means the interest from that increase is $120 Billion each and every year that comes from the wallets of American Taxpayers. OMB projects by Sept 2008, the Fedetal deficit will be $9.949 Trillion and by 2010 $11.138 Trillion. There are some who believe this is fine and will not be a problem in the future. By 2010, the annual interest will be $500 Billion per year which is more then we are spending on national defense!
As if 30 September Increase over prior year in Billions
2005 (projected) 675
2004 596
2003 555
2002 421
2001 133
2000 18 Balanced Budget
1999 130
1998 113
As of September 30 2005, we will have added 2.380 Trillion to the National debt since Sept 30, 2000. At 5% interest that means the interest from that increase is $120 Billion each and every year that comes from the wallets of American Taxpayers. OMB projects by Sept 2008, the Fedetal deficit will be $9.949 Trillion and by 2010 $11.138 Trillion. There are some who believe this is fine and will not be a problem in the future. By 2010, the annual interest will be $500 Billion per year which is more then we are spending on national defense!
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