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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (614814)	6/6/2011 1:32:23 PM
From: TimF	Read Replies (1) \| Respond to of 1576985

$1T over the last four years. Exactly. A small part of what the federal government spends. $1tril in four years (using your figure), compared to almost $4tril in one year. ---- "Debt service amounts to about 6 percent of the federal budget and only about 10 percent of federal revenue." washingtonpost.com So using your four year figure for interest expenses, debt service is about 1/15th of spending, and less than a third of the deficit. Using Krauthammer's one year figures, debt service is about 1/16th or 1/17th of federal spending, and about 1/10th of federal revenue. Obviously its a lot of money. But it isn't what is driving the deficit.