Waste of the Day: Debt Held By The Public Will Be “Unsustainable” By 2050
kschneider2991, Wikimedia Commons
This story originally was published by Real Clear Wire
By Adam Andrzejewski
Real Clear Wire
Topline: The U.S. debt held by the public is expected to more than double during the next 26 years until it reaches an “unsustainable” amount, according to a new study from the Government Accountability Office.
Key facts: Debt held by the public was $26.2 trillion in September 2023, about the same as the U.S. gross domestic product. That means our debt is growing at the same pace as the economy.
Debt held by the public measures everything the government owes to those outside the government. It’s slightly different from the $34 trillion national debt but is usually considered more meaningful because it does not include money that federal agencies owe to other parts of the government.”.
