Monday, February 28, 2011

A Quick Look at U.S. Government Debt

"Federal debt held by the public now stands at nearly $10 trillion, and it will soon fly past this marker. As the government continues to run budget deficits of $1.5 trillion or more, the debt will mount rapidly. Although the government projects a turnaround in this fiscal profligacy, its actions so far belie its promises. Nevertheless, the bond market may eventually rein in the Treasury, as investors lose confidence in the government’s ability to meet its contracted obligations."

A Quick Look at U.S. Government Debt | The Beacon:

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