How Will We Pay Down the Bush-Obama Debt? Lessons from the Last 60 Years

George Hall

No 1, Rosenberg Global Financial Briefs from Brandeis University, Rosenberg Institute of Global Finance, International Businesss School

Abstract: By the end of 2009, privately-held U.S. Treasury debt stood at 53.0% of the gross domestic product (GDP), double the share from when President George W. Bush took office nine years ago. So how will we as a nation cover these interest payments and ultimately pay off this debt?

Keywords: Debt; National Debt; Government Debt; Debt-GDP Ratio (search for similar items in EconPapers)
JEL-codes: G32 L26 (search for similar items in EconPapers)
Pages: 4 pages
Date: 2010
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