It seems that that estimate (2035) is optimistic. Read the comments. One comment us quite enlightening :
Bruce Krasting wrote:
Why does the author exclude the Intergovernmental debts? Do these debts not count?
The interest cost on the intergovernmental debt is much higher than the Debt owed to the Public. Public debt can always be rolled over, but IG debts must be paid in cash. When the IG is paid off, it will add to the public debt on a dollar for dollar basis.
I think the IG debt is every bit as toxic as the Debt to the Public. In some respects, it is more toxic. The fact that Barrons excludes $5T of US debt in this article speaks for itself. No one cares about it.
Run these numbers again. Include the IG debt as it were equal to the debt owed to the public. That will ruin your weekend.You are missing trading opportunities:
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Barron's goes there. (Economics editor Gene Epstein is not President Obama's biggest fan.) Here's the lede from the latest cover story:
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