Bill’s Commentary:
“Here is some sad math for you…”
Interest Costs on the National Debt
Every month, the U.S. Department of the Treasury releases data about the federal budget, including the interest costs that the federal government pays on the national debt. The following contains budget data through March 2025, the sixth month of fiscal year (FY) 2025.
Interest Payments in FY25
The rapid accumulation of federal debt, in addition to higher interest rates on that debt (relative to the past decade or so), has pushed up the federal government’s cost of borrowing. In fact, through the six months of FY25, interest payments on the national debt have been higher compared to previous years.
Bill’s Commentary:
“More sad math…”
U.S. National Debt by Year
National debt refers to the outstanding financial obligations of a country. The national debt of the United States is what the federal government owes to its creditors.
The U.S. has always carried national debt and the majority of presidents have added to it. However, total national debt has been expanding rapidly since 2008 due to a combination of increased government spending and failure to raise taxes.
Bill’s Commentary:
“Erik on Trump and The Constitution”
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