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The debt is cycled through every budget cycle, the last official reported amount was $454,015 billion for 2011.We cannot talk about one without consideration of the other. Is not the entire point of balancing the current budget deficit to stop the growing debt and begin paying it off?
That amount is to pay off matured bonds.
Once we fix our income vs outlay issue,(the deficit), the Debt will take care of itself,
and be paid off as the bonds mature.
Some of those bonds were issues at an APR of .7%, and so would take over 100 years to mature.
It is my understanding that the bonds get paid before anything else.