Obama hardly fared better, with 69% disapproving of his work on the debt limit.
As a result, interest on the debt is less than 2 percent of GDP.
In red are Federal Interest Payments on the Debt as a percentage of GDP.
The real showdown will be on the debt ceiling and the spending sequester in March.
Of course, the effect on the debt depends also on defense, tax revenues, and interest.
Once QE2 ran out, investors turned their focus on the debt debate in Washington.
It also would be reflected in a balanced budget, excluding interest payments on the debt.
To delay one, the Treasury would prioritise interest payments on the debt above other government obligations.
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On the debt ceiling, you sounded a bit harder today than you did last week.
This yield is usually volatile and strongly dependent on the debt capital markets globally.
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Its debt fear-mongering has probably discredited the idea of (necessary) long-term action on the debt.
They persuaded the suffering foreign banks to take a 50% haircut on the debt.
By 2018, the annual cost of interest on the debt would exceed that of Medicare.
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Congress has been unable to agree on the debt limit or spending cuts for nearly two years.
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He has yet to specify whether he will default on the debt, or seek a voluntary restructuring.
"That deadline is hard and fast, " Mr Carney said of next Tuesday's expiry date on the debt ceiling.
We then put a number on the debt-to-equity ratio: Less than 100%, or what we call one time.
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The reason: payments on the debt are deferred 20 years, dramatically increasing the total cost of the borrowing.
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What we have said and feel very strongly about is we need to take action on the debt ceiling.
The House voted today to delay a decision on the debt ceiling for four more months, through May 18.
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On the other hand, many people are being hurt by the current gridlock in Congress on the debt issue.
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Along with interest on the debt itself, those items consume two-thirds of outlays.
When the interest on the debt alone will be 17% of federal revenues.
No one is suggesting that Italy now needs to pay more interest on the debt it has already issued.
Earlier this year, billionaire investor Stanley Druckenmiller criticized the Fed for focusing on the debt ceiling rather than the deficit.
And finally, we see an America where we refuse to pass on the debt we inherited to the next generation.
Our goal is roughly 3 percent of the economy, which would balance the budget, excluding interest payments on the debt.
On item 2: When Ryan was named as VP, I thought Romney had decided to focus on the debt crisis.
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Therefore, Senators Toomey and DeMint should expand their list of priority spending beyond interest on the debt to include Social Security.
No doubt its politicians will eventually wean the economy off its heavy reliance on the debt-laden American consumers, but not overnight.
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