a. When we start to think about who actually owns U.S. debt, does $27.7 trillion seem like the appropriate figure for how much debt we owe to private individuals or organizations? b. Many people do not want increases in federal deficits and debt because they fear that their grandkids and future generations in general will have to pay it back. Why should they not worry about this
a. When we start to think about who actually owns U.S. debt, does $27.7 trillion seem like the appropriate figure for how much debt we owe to private individuals or organizations? b. Many people do not want increases in federal deficits and debt because they fear that their grandkids and future generations in general will have to pay it back. Why should they not worry about this
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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U.S. total public debt stood at $27.7 trillion as of Q4 2020 or about $86,000 per person in the US. It seems that this number is very large and we should be concerned about it.
a. When we start to think about who actually owns U.S. debt, does $27.7 trillion seem like the appropriate figure for how much debt we owe to private individuals or organizations?
b. Many people do not want increases in federal deficits and debt because they fear that their grandkids and future generations in general will have to pay it back. Why should they not worry about this?
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