>Bailout Borrowing

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According to the US Treasury Department’s public debt website, our public debt has increased almost $1T since September 15th.  Perotcharts.com has the chart, click for full view:

This is one of the fastest accumulations of debt in US history, and is where the bailout money came from.  At an average interest rate of 4.2%, the interest on the additonal $1T in debt is approximately $42 billion dollars, or about what we spend on all federal highway and mass transit spending.

Hat tip to Perotcharts.com.

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About perkinsms

I'm an engineer and father interested in transit, parking and economics.
This entry was posted in budget, economics, fiscal, government, spending. Bookmark the permalink.

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