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The Current State of the Government Debt

As far as I can tell, Treasury is engaging in normal portfolio reallocation as the debt nears the limit. They are selling securities held by the government to the public. This changes the composition of the portfolio, but does not change the total. However, it does provide funds for the government to continue operations as those sales of intragovernmental holdings bring cash into the treasury. Continue Reading →

More on the Deficit and the Debt

The U.S. federal government debt is owned by many different people, governments, businesses, and institutions. But it’s important to understand at least the basic components of the debt and how they relate to each other. I hope this has been a small contribution to this discussion. Continue Reading →