>Bailout Borrowing


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.


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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