How did they calc previous debt?
How did they calc previous debt?
Same way.
It is $23 trillion...17 held by the public, and the rest held by the Federal Reserve and Social Security/Medicare trust funds, etc..
6 trillion are “loans” between government agencies. Interest payments earned on loans like that revert to the Treasury. That’s why the article focuses on 17T and not 23T
That 6 trillion dollar figure may also include the 2 trillion in Treasury debt held by the Federal Reserve since any interest earned there reverts to the Treasury.