Reflections on the Public Debt and Big Deficits in USA

The Public debt(national debt) is the total amount owed by the federal government.

The burden of the public debt is the interest but the Treasury Department can sell US government securities i.e.monetizing the debt.

"Economic Indicators" a Monthly publication and is published by GPO in Washington. Such indicators are prepared for the Joint Economic Commitee by the Council of Economic Advisers.

It is furnished to each Member of Congress, the Secretary and the Sergeant at Arms of the Senate, the Clerk, Sergeant at Arms, and Doorkeeper of the House of Representatives, two copies in the libraries of the Senate and House, and the Congressional Library, seven hundred copies to the Joint Economic Commitee, and the required numbers of copies to the Superintendent of Documents for distribution to depository libraries, and that the Superintendent of Documents be authorized to have copies printed for sale to the public. Approved June 23, 1949 when I was a graduate student at Georgetown University Washington, D.C. $5.00 a single copy $7.00 Foreign or by subscription at $58.00 per year (81.20 for foreign mailing) from Superintendent of Documents,Government Printing Office, Washington, D.C. 20402
Also available on the internet at the following address: http://gpoaccess.gov/indicators.

Francis Shieh aka Xie Shihao, a regular reader of "Economic Indicators" to keep up with the data of the US Economy for an overview as an octogenarian student still.

Thursday,May 7, 2009 at 8.36 p.m.