Hi John:
Look at how much more debt there is today than in 1982 but on a nominal and relative to GDP basis.
It won't take long to double our FED level interest expense and $1 Trillion / year is not that far off. It's past time to lock in the $20 Trillion debt (ignoring the unfunded liabilities) to 100 year bonds.
Interest Expense Fiscal Year 2017 | September | $23,914,247,176.45 | | August | $30,324,233,164.14 | | July | $28,671,601,995.56 | | June | $90,430,128,133.93 | | May | $27,813,382,528.89 | | April | $34,427,219,754.16 | | March | $34,785,052,636.90 | | February | $25,711,352,044.37 | | January | $23,338,913,013.07 | | December | $87,429,358,218.60 | | November | $28,653,503,936.00 | | October | $23,043,294,709.73 | Fiscal Year Total| $458,542,287,311.80 |
Available Historical Data Fiscal Year End|
| 2016 | $432,649,652,901.12 | | 2015 | $402,435,356,075.49 | | 2014 | $430,812,121,372.05 | | 2013 | $415,688,781,248.40 | | 2012 | $359,796,008,919.49 | | 2011 | $454,393,280,417.03 | | 2010 | $413,954,825,362.17 | | 2009 | $383,071,060,815.42 | | 2008 | $451,154,049,950.63 | | 2007 | $429,977,998,108.20 | | 2006 | $405,872,109,315.83 | | 2005 | $352,350,252,507.90 | | 2004 | $321,566,323,971.29 | | 2003 | $318,148,529,151.51 | | 2002 | $332,536,958,599.42 | | 2001 | $359,507,635,242.41 | | 2000 | $361,997,734,302.36 | | 1999 | $353,511,471,722.87 | | 1998 | $363,823,722,920.26 | | 1997 | $355,795,834,214.66 | | 1996 | $343,955,076,695.15 | | 1995 | $332,413,555,030.62 | | 1994 | $296,277,764,246.26 | | 1993 | $292,502,219,484.25 | | 1992 | $292,361,073,070.74 | | 1991 | $286,021,921,181.04 | | 1990 | $264,852,544,615.90 | | 1989 | $240,863,231,535.71 | | 1988 | $214,145,028,847.73 |
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