Title: The Public Debt of the United States

Essay Details

Subject: Business
Author: Jeffrey Q
Date: March 26, 2015
Level: University
Grade: A
Length: 2 / 457
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

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...

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