Dow breaks 12,000, good progress, but not the top story

[Diesel66]

Originally Posted by PetriW

Well, someday you have to pay the debt, I guess that's during a low in the economy? Or maybe when the democrats are in power?

Well first off we never have to pay the debt. They just sell more bonds.

[PetriW]

Originally Posted by DosEquis

We pay approximately 350 billion a year in interest on our debt right now. By 2008 the interest payments will probably exceed 400 billion.

So about $1150 per american, neat. (Swedish figure is estimated at $700 per person for 2006.)

Btw, isn't the US paying more to foreign lenders than it's receiving? Think I saw something like that in the news a month ago.

[ballz2wallz]

Originally Posted by PetriW

Btw, isn't the US paying more to foreign lenders than it's receiving? Think I saw something like that in the news a month ago.

Probably; and it drives me nuts.

[PetriW]

Found it:
US foreign debt seen posing a threat to economic growth - Sep. 25, 2006