Debt Held by the Public Nearly Doubles by 2021

If current policies continue, debt held by the public will nearly double in the next ten years.  According to the Congressional Budget Office, this measure of debt, which does not include securities issued by the Treasury to federal trust funds and other government accounts, will reach $18.3 trillion by 2021. The reality of this debt, and of the compounding interest payments that it will require, remind us that action must be taken to restore fiscal order sooner rather than later.

Veronique de Rugy sizes up the nation’s debt on Bloomberg TV.