Re: The definitive U.S. Dollar Rally Thread
oh, important number: 2009 Federal Tax receipts were approx 2.1 Trillion. The interest payments on our existing debt were (rounding here a bit) 200bln for our bonds and about 200bln for intra governmental debts. The 200bln for government bonds could flux quite a bit with interest rates…but is still quite acceptable given the 2.1 Trillion in tax rev. 2009 was, I think, one of the worst years ever of that ratio…however I am not certain. The 200bln in intragovernment debt servicing is mostly for social security. While I dont think that can be discarded, I do feel like its likely that will be diminished in some sort of phasing….perhaps as much as 25% over the next decade. Thats pure speculation by me of course.
Anyway…a couple more key numbers are in there to digest.