... you should always look at the total debt, not just the debt owed to the public. That's because all federal debt is eventually owed to the public. That's why Intra-governmental Holdings should be counted in the U.S. debt-to-GDP ratio.From: Debt-to-GDP Ratio, Its Formula, and How to Use It
"The commonwealth was not yet lost in Tiberius's days, but it was already doomed and Rome knew it. The fundamental trouble could not be cured. In Italy, labor could not support life..." - Vladimir Simkhovitch, "Rome's Fall Reconsidered"
Thursday, February 14, 2019
Intra-governmental holdings
I don't often agree with Kimberly Amadeo, but on this I do:
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