OBAMA AND THE DEMOCRATS RAPED AMERICA during his two terms.

It is time:

Randy Forbes says the U.S. pays China $73.9 million per day in debt interest.  THAT IS EACH DAY.

For American politicians to get serious about our country’s debt.  They keep spending our money on things that have no value or return on the debt.  Each day we pay interest on the debt which is astronomical.

According to the United States Treasury, the total national debt is $18.2 trillion. The annual, average interest rate on the debt as of July of 2015 is 2.3%, down from 2.4% in July of 2014.

Just think – here it is 2018 and they haven’t even calculated what it is a of today and they don’t give a damn.  The politicians want the debt hanging over our heads.

According to the United States Treasury, the total national debt is $18.2 trillion. The annual, average interest rate on the debt as of July of 2015 is 2.3%, down from 2.4% in July of 2014. Here’s why that’s a problem.

Low interest rates mean low carrying costs for debt. If the interest rate is 10%, you’re monthly payment on a $250,000 house is going to be substantially more than if the interest rate is only 4%. The same principle applies to the national debt. We’ve been able to increase the amount of debt, just like people can buy a more expensive house, but keep the annual debt costs low with low interest rates.

Here’s a chart provided by the United States Treasury that shows the annual national debt payments going back fifteen years. As you can see, the annual amount paid has fluctuated between $454 billion and $318 billion.

While those numbers represent a big swing percentage-wise, it’s not that big considering how much the national debt has risen since 2000 (during Obama’s two terms.) Take a look:  OBAMA RAPED THIS COUNTRY.

AGAIN – OBAMA AND THE DEMOCRATS RAPED OUR COUNTRY DURING HIS TWO TERMS.

kommonsentsjane