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Interesting Times: The Federal Government (and the Taxpayers') Cost of Borrowing
Senate Committee on Homeland Security and Governmental Affairs Subcommittee on Federal Spending Oversight and Emergency Management
Senate Committee on Homeland Security and Governmental Affairs
Subcommittee on Federal Spending Oversight and Emergency Management
Abstract
From the Senate Committee on Homeland Security and Governmental Affairs, the Subcommittee on Federal Spending Oversight and Emergency Management led by Senator Rand Paul issued a weekly waste report on the debt ceiling. The reports finds that the national debt as $20.36 trillion with a net interest of $295 billion, increasing by approximately $1 trillion and $40 billion respectively from the prior year. The report takes issue with a "failing to balance the federal budget" which means that a considerable portion of paid taxes are only covering interest payments.
Date
2017-03-21
Document Type
Senate Majority Oversight Record
Serial Number
Document Length
1 page
Congress
115
Relation
DOI
Keywords
Oversight Records
PAP Major Code
20: Government Operations
PAP Minor Code
2002: Government Efficiency, General Regulatory Policy and Bureaucratic Oversight