[yefragetuwrabrumuy]

Returning to a little realism for a moment. When congress passes its appropriations budgets to provide money to federal agencies, that money does not go directly to them, but to an account for them at the Treasury. As soon as it arrives its amount is tallied to the national debt. Bottom line: 27% of the national debt is money the US government "owes" itself.

[reed13k]

Using GAAP rules wouldn’t that be considered a reserve and not a debt until such time as it is spent?