Treasury Direct has interesting charts of Interest Expense On Debt Outstanding.

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Click here to refresh the current total of Debt Outstanding.

The Interest Expense on the Debt Outstanding includes the monthly interest for:

Interest Expense for Fiscal 2008

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The interest expense for December alone was a whopping $106 billion.
Using a three month average, Federal expenses just on interest is $615 billion.

Historical Data

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Can the government get long term rates down to 1-2% to make this much more manageable?
Tip of the hat to “Minyan Jim” for sending me the link.

Mike “Mish” Shedlock
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