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Essay

The Public Debt of the United States

Essay specific features

 

Issue:

Business

 

Written by:

Tiffany P

 

Date added:

October 20, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 457

 

Was viewed:

3204 times

 

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Essay content:

This sum does not include money, owed to social security fund, and by various corporations. If the sum owed to Social Security Trust Fund is included, then the debt rises to an amazing figure of 9 trillion dollars. That means that in 2007 the expected interest, paid on the debt will be 364 billion dollars...
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If the sum owed to Social Security Trust Fund is included, then the debt rises to an amazing figure of 9 trillion dollars. That means that in 2007 the expected interest, paid on the debt will be 364 billion dollars. This sum of money is actually greater than the GDP of several independent states. The average interest rate for the US public debt is 4% annually...
displayed 300 characters

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