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What the US is really paying on the national debt

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posted on May, 17 2004 @ 10:03 PM
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What is the dumbest federal law regarding the National Debt and for that matter
the entire history of America? The Federal Reserve Act is without question in
my mind. Why? Because the government allows the Fed to control the printing of
new money.

Why would that be such a bad thing? I have two words for you. National Debt.
The Vietnam War is still on and there is a one hundred percentage draft despite
the fact that we are at peace. How could this be? It is called refinancing
We are still having to pay for the Vietnam War despite the fact that it is over.
Let me prove my argument. Below are the years of the National Debt from peace
in 1963 to the year 1975 when the troops left.
Let the model assume that year 1863 there was no National Debt. Only the change
from 1963 to 1964 will be used. Assume the only way to pay of the debt is to issue
1 year t-bills. Also assume we do not pay of the debt.
Year Deficit
1963 $309,346,845,059.17
1964 $317,940,472,718.38
1965 $320,904,110,042.04
1966 $329,319,249,366.68
1967 $344,663,009,745.18
1968 $358,028,625,002.91
1969 $368,225,581,254.41
1970 $389,158,403,690.26
1971 $424,130,961,959.95
1972 $449,298,066,119.00
1973 $469,898,039,554.70
1974 $492,665,000,000.00
1975 $576,649,000,000.00
Below is a table showing how the debt will grow.

Year Cost of Refiancing National Debt in Dollars
1964 1.0376 8916748059.20
1965 1.0409 12366293145
1966 1.0511 21843363669
1967 1.0479 36895489017
1968 1.0554 53045569452
1969 1.0686 67,580,962,966.47
1970 1.0639 94169816290
1971 1.0464 1.35135E+11
1972 1.0482 1.68028E+11
1973 1.0716 2.02134E+11
1974 1.0772 2.42263E+11
1975 1.063 3.47029E+11
1976 1.0562 3.66532E+11
1977 1.057 3.87425E+11
1978 1.0768 4.17179E+11
1979 1.0977 4.57937E+11
1980 1.1075 5.07165E+11
1981 1.1316 5.73908E+11
1982 1.111 6.37612E+11
1983 1.0886 6.94105E+11
1984 1.0991 7.6289E+11
1985 1.0776 8.22091E+11
1986 1.0607 8.71992E+11
1987 1.0633 9.27189E+11
1988 1.0717 9.93668E+11
1989 1.0791 1.07227E+12
1990 1.0736 1.15119E+12
1991 1.0554 1.21496E+12
1992 1.0375 1.26052E+12
1993 1.0333 1.3025E+12
1994 1.0502 1.36788E+12
1995 1.0569 1.44572E+12
1996 1.0523 1.52133E+12
1997 1.0536 1.60287E+12
1998 1.0485 1.68061E+12
1999 1.0478 1.76094E+12
2000 1.0585 1.86396E+12
As a Percentage of Current Debt Dec 22 2003 0.26926828 of Current Debt


[Edited on 18-5-2004 by John bull 1]




posted on May, 17 2004 @ 10:08 PM
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Interest to Treasury note holding countries, so they can use the interest to buy more treasury notes to help finance a government that blows a half a trillion dollars MORE than it takes in from treasury note sales.



posted on May, 17 2004 @ 10:08 PM
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Well, that solves that. Next question.



posted on May, 17 2004 @ 10:48 PM
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Real simple here!!! Tell the Federal Reserve to F.O.!! Last time I checked the Constitution the Federal Reserve was ILLEGAL. Go back to the Gold or Silver standard.



posted on May, 18 2004 @ 09:56 AM
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The US national debt is about $7,148,601,418,058 and it is increasing by close to $2,000,000,000 a day. With a population of 294,080,811 each citizens share of the debt is $24,308.29 and is going up by about $6.81 a day.

Please follow these important steps to make a contribution to reduce the debt.

1) Make check payable to the "Bureau of the Public Debt"
2) In the memo section of the check, make sure you write "Gift to reduce the Debt Held by the Public "
3) Mail check to -

ATTN DEPT G
BUREAU OF THE PUBLIC DEBT
P O BOX 2188
PARKERSBURG, WV 26106-2188



posted on May, 18 2004 @ 10:04 AM
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Interest on Treasury debt securities (gross) in 2003 was $318 billion

$318 billion just in Interest!

www.fms.treas.gov...




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