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Diane Publishing Books
Overview of the Federal Debt
D. Andrew Austin
The size of current and projected fed. deficits and the accumín. of fed. debt (FD) are central to current congress. deliberations regarding fiscal reforms. Here is a broad overview of the FD, annual budget deficits, and debt service costs. FD is the accumulated sum of unrepaid borrowing by the fed. govít. The total FD consists of debt held by the public and intra-govíl. debt. Debt owed to the public represents borrowing from state and local govíts., foreign govíts. and investors, the Fed. Reserve System, and foreign central banks, as well as private investors. Contents of this report: Structure of the FD; Deficits, Debt, and Interest Costs; Holdings of FD; What is the ďBestĒ Measure of FD?. Charts and tables. This is a print on demand report.
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