A Huge Credit Card

Marie Bussing-Burks

Chapter Chapter 2 in Deficit, 2012, pp 15-30 from Springer

Abstract: Abstract In the introduction, I mentioned that the national debt was far too large to put on a traditional credit card. But as this chapter will show, the U.S. Treasury and its agencies allow the country to spend and borrow, much as an individual with a wallet full of credit cards.

Keywords: Interest Rate; Public Debt; Bond Price; Trust Fund; Treasury Bill (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4302-4840-8_2

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DOI: 10.1007/978-1-4302-4840-8_2

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