Today marks the end of the fiscal year 2012 for the interest payments on U.S. debt of which I talked about here. It's surprising that the interest payments have dropped so much in 2012. Probably due to a change in the accounting method for the Department of Defense (DOD) market-based securities, we got a one-time $75 billion decrease in interest payments in the month of July. Otherwise we would have $435 billion in interest payments.
So, in reality they paid $435 billion, but the reported number is only $360 billion. Just to make it look better.
Monday 8 October 2012
End of fiscal year 2012 Interest Payments
Posted on 12:41 by Unknown
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment