$1 trillion a year on interest on debt

The US Federal Government is now paying over $1 trillion a year in interest on its $35 trillion debt. So they are paying more in interest than the entire GDP of New Zealand four times over.

The major contributors to the debt have been:

1. Obama $8.3 trillion
2. Trump $8.2 trillion
3. Biden $6.7 trillion
4. Bush $6.1 trillion

So their share of the debt is:

1. Obama 23.7%
2. Trump 23.4%
3. Biden 19.1%
4. Bush 17.4%

So the interest being paid due to each President’s policies are:

1. Obama $237 billion or $1,810/household
2. Trump $234 billion or $1,788/household
3. Biden $191 billion or $1,461/household
4. Bush $174 billion or $1,330/household

Overall each US household is paying $7,633 in interest payments on behalf of the last four Presidents. Sadly no matter who wins, the debt and interest will just continue to grow until one day the bubble collapses.