I can simply assume you do not understand what does debt mean.
If you don't understand the definition of debt, then interest is a very complex subject for you.
Wow!! Fucktard spent $150K of daddy money yet he does not have full grasp of what does debt mean, daddy must be proud of ya eh :hahahahah
I said...
Interest payments on the national debt that tax payers actually pay has never been more than $245 billion, let alone $450 billion per year.
You responded...
Fucktard is lying through his teeth yet again......
Here is interest expenses on US debts......
So since you called me a liar... I'm asking you a simple yes or no question...
So are you saying tax payers pay for interest on intragovernmental debt?
Moron, first you need to understand the definition of debt. Now, since you never consider intragovernmental debt is "REAL" debt, why do you even bother about interest expense on something that's never a debt? Does that help?
The information came from US Treasury website. My guess is its data is less reliable than the Alaskan idiot eh..:grandmais
Interest Expense on the Debt Outstanding
The Interest Expense on the Debt Outstanding includes the monthly interest for:
The fiscal year represents the total interest expense on the Debt Outstanding for a given fiscal year. This includes the months of October through September. View current month details (XLS Format, File size 95KB, uploaded 02/06/2012).
Note: To read or print a PDF document, you need the Adobe Acrobat Reader (v5.0 or higher) software installed on your computer. You can download the Adobe Acrobat Reader from the Adobe Website.
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
The information came from US Treasury website. My guess is its data is less reliable than the Alaskan idiot eh..:grandmais
Interest Expense on the Debt Outstanding
The Interest Expense on the Debt Outstanding includes the monthly interest for:
- U.S. Treasury notes and bonds
- Foreign and domestic series certificates of indebtedness, notes and bonds
- Savings bonds
- Government Account Series (GAS)
- State and Local Government series (SLGs) and other special purpose securities.
The fiscal year represents the total interest expense on the Debt Outstanding for a given fiscal year. This includes the months of October through September. View current month details (XLS Format, File size 95KB, uploaded 02/06/2012).
Note: To read or print a PDF document, you need the Adobe Acrobat Reader (v5.0 or higher) software installed on your computer. You can download the Adobe Acrobat Reader from the Adobe Website.
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
Alright, as much as I love making Snoop look like a fucking idiot... I gotta go play some pond hockey. I'm sure anyone else that wants to be stalked by snoop today can find him. He'll be trolling the Internet as always. Good day douchebag... hope you find some dude to touch your penis tonight!! LOL!!
Do you know what an expenditure is? Its a bill. It has to be paid through taxation and taxation only. Thus is confiscates wealth. Last year ours on the interest payment was 450 Billion. That budget had to be paid for. Or at least 66% was. The rest was borrowed. And you are convinced that half of that interest payment goes to Intergovernmental debt that will not have to be paid back. Do you realize what a fallacy this is? The Federal government doesn’t produce anything to earn money; they get their money through taxes. Thus the cycle continues. The government can’t escape the cost of financing its liabilities... it just compounds them as you keep borrowing the money from the accounts and then borrowing the money the next year to pay the interest payment back. The principal expands thus does the payment. Its a fairy tale. You will eventually create mass inflation under this scheme, its inevitable genius. Are you seriously that thick in the head?
http://www.bls.gov/emp/ep_table_408.htm
According to these guys we will have 1 Trillion in interest payments on debt come 2020, you suppose thats not real either?
Fletch, you seem like a semi-smart dude... well at least in comparison to Snoop. So this should be easy for you to understand. Intragovernmental debt is an ASSET AND a LIABILITY to the US Govt. So any interest that the Govt has to pay on intragovernmental debt is interest that the Govt earns on intragovernmental debt. It is a complete wash... and results to $0 of interest paid by the tax payer.
Here is actual US Govt expenditures for 2011.
http://www.usgovernmentspending.com/year_spending_2011USbn_13bs1n_9097#usgs302
You will notice under Interest
$454 Billion - Interest on Treasury Debt Securities
-$72 Billion - Interest received by on-budget trust funds
-$116 Billion - Interest received from by on-budget trust funds
-$35.9 Billion - Other Interest
Net Interest Expense - $230 billion
I expect Snoop to be too dumb to understand this, but I know deep down inside you understand what I'm saying.
Debt is an asset to me, will never result in anything but slavery to interest. I think it comes back to two things. You are arguing from inside of the bubble of this fiat-fractional reserve banking-Keynesian system and what you are saying is correct but what Snoop and myself are arguing is basically it cannot continue. We are arguing outside of the system and there is nothing you will say because it never makes sense going forward to us. And you have been taught this way and we live in this Bubble of fiat-fractional reserve banking-Keynesian system so therefore you will think what we are saying is wrong and you will be probably right based in this system we live in. I dont think we can continue to be a debt based monetary system anymore. I think debt = money is run its course.
It's a simple yes or no answer...Fletch is the last person on this forum you would ask for opinion about me, he knows where I stand. Fucktard's stupidities just hit a new low. Too fucking funny to watch the forum donkey is sinking everyday.
So are you saying tax payers pay for interest on intragovernmental debt?
