The numbers below are taken right from the Treasury Department and they are the amounts (in TRILLIONS $) of public debt issuance for the years 1998-2009.
Public Debt Issuance in trillions $
1998 2.08
1999 2.61
2000 2.22
2001 2.51
2002 3.77
2003 4.22
2004 4.73
2005 4.6
2006 4.46
2007 4.53
2008 5.58
2009 8
Total: $49.31 trillion dollars of debt issuance.
And interest rates have gone down!!!
Why???
Because that's where the Fed set them...lower!!
The data was only available back to 1998, however, our nation has been issuing debt for its entire 233 year history. The figure could be in the hundreds of trillions of dollars. It has no bearing on interest rates. Rates are where the Fed sets them!
1 comment:
DON'T FORGET TO TELL THEM :
THOSE WHO ARE DEFICIT TERRORIST ANXIOUS BUDGER BALANCERS ARE FANATICS WHO ALWAYS SAY THAT OUR GRANDCHILDREN ARE GOING TO HAVE TO PAY FOR THIS.
HOW DID THE WORLD WAR II GENERATION FAIR AND THEIR GRANDCHILDREN ?
THEY DID DAMN WELL !!!!
Post a Comment