Who’s Going To Pay the US National Debt?
As I write, the public debt (sometimes called the national debt) of the US stands at $6.3 trillion, roughly 40% of GDP. (You’ve heard many people say that the debt is actually about $10.6 trillion, but that’s fictional, as I explain below.) As we know, the question of who will pay off the debt is an interesting and urgent one. Especially now that, through a | Read More »