4 ms·

I don't see where you are coming from. The debt owed to other portions of the government are no different than external debt. Both must be paid in the same way.

• caturopath 5y ago
  They are different in the same way that debts between departments in a company or mental accounts of one person are different -- they mean nothing externally. https://www.cbpp.org/research/recommendation-that-presidents-fiscal-commission-focus-on-gross-debt-is-misguided https://www.cbpp.org/research/recommendation-that-presidents... notes > Most economists agree that the debt held by the public is what really affects the economy. As the Congressional Budget Office stated in its June 2009 report on the long-term budget outlook, “Long-term projections of federal debt held by the public, measured relative to the size of the economy, provide useful yardsticks for assessing the sustainability of fiscal policies.” In contrast, “gross debt . . . is not useful for assessing how the Treasury’s operations affect the economy.”