Are you better off now than you were four years ago?

[Rudey]

I'm really quite sorry that you can't understand a simple concept like this. Again, the government pays off a set principal and interest amount yearly. This is different on variable rate bonds and notes or if a swap is used.

Stick to something like needlepoint because you're not making sense here.

-Rudey

Originally posted by AGDee
Interest Expense on the Debt Outstanding
The monthly Interest Expense represents the interest expense on the Debt Outstanding as of each month end. The interest expense on the Debt includes interest for Treasury notes and bonds; foreign and domestic series certificates of indebtedness, notes and bonds; Savings Bonds; as well as Government Account Series (GAS), State and Local Government series (SLGs), and other special purpose securities. Amortized discount or premium on bills, notes and bonds is also included in interest expense.

The fiscal year Interest Expense represents the total interest expense on the Debt Outstanding for a given fiscal year. This includes the months of October through September.

Interest Expense
FISCAL Year 2004
August $ 18,988,722,254.18
July $ 15,097,639,601.03
June 84,468,634,709.08
May 20,432,938,610.90
April 12,755,485,706.79
March 14,096,687,261.36
February 15,150,706,352.06
January 13,004,064,259.60
December 82,435,960,974.56
November 19,292,044,501.20
October 13,311,682,915.94
----------------------
FISCAL Year Total $ 309,034,567,146.78



From Treasury Direct, Bureau of Public Debt