| In the News:
How much will the
financial rescue package cost you?
click here
Federal Monies, 2008
In: $2,523,858,000,000
Out: $2,978,664,000,000
Deficit: $454,806,000,000
Your Personal Share*
In: $1,496/month
Out: $1,766/month
Deficit: $270/month
The Debt Right Now:
###
(National Debt Clock
provided by zFacts.com)
Your Personal Share*
more than $81,038
(Your share has risen
about $39,500 in the past 8.5 years) |
|
Current Monthly Interest
$29,416,000,000
(average for the past 6 months)
Your Personal Share*
$209.26/month
This comes out of your pocket every month.
(Interest figures can fluctuate widely
from month to month. They are currently very low for the size of the debt, because recent, massive, short-term federal borrowing has been at near zero interest.
Every month, we replace old high interest debt with new low interest debt. This will change dramatically when the eocnomic recovery begins. People and institutions that have parked money in US Treasury instruments will begin to move it into higher yield investments, and government borrowing costs will increase rapidly.)
Your Current Share*
of the National Debt Payoff |
Payoff Term |
 |
Your Monthly
Payment |
15 yrs. |
|
$563.49 |
30 yrs. |
|
$345.99 |
50 yr.s |
|
$265.83 |
100 yrs. |
|
$219.19 |
(If we were to begin paying off the debt
today,
before it gets any bigger.
Based on the interest figures shown above.) |
|