How worried should you be about the federal deficit and debt?
www.brookings.edu
leads to less tax revenue and more spending and the spending Congress appropriated in response to the pandemic increased the deficit significantly. This measure of debt, known as “debt held by the public,” includes the Treasury securities held by the Federal Reserve, but not those held by the Social
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- leads to less tax revenue and more spending
- and the spending Congress appropriated in response to the pandemic increased the deficit significantly.
- This measure of debt, known as “debt held by the public,” includes the Treasury securities held by the Federal Reserve, but not those held by the Social Security trust funds.
- Is debt at that level a problem? For now, it isn’t.
- global interest rates remain very low
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