Looking at the July 2008 Monthly U.S. Treasury Statement
Posted: Tue Aug 12, 2008 3:50 am
Am I reading the numbers on page 5 correctly and seeing that 15% of the treasury outlays last month were to pay interest on their debts? What's an advisable % of a budget that can be allocated to paying off interest on outstanding debt? 15% seems high to me, but I guess that's just the American dream.
http://www.fms.treas.gov/mts/mts0608.pdf
http://www.fms.treas.gov/mts/mts0608.pdf