... 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
Thursday, February 14, 2019
Intra-governmental holdings
I don't often agree with Kimberly Amadeo, but on this I do:
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