maandag 8 oktober 2012

End of fiscal year 2012 Interest Payments

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.

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