The National Debt is the overall debt of the federal government – the difference between the federal government’s liabilities (mostly outstanding bonds) and its “net recorded assets” (mostly those assets which yield interest, profits or dividends). Thus it measures, on balance, how much the federal government owes to creditors.
Related Websites - Chartology: Historical View of National Debt vs. Federal Tax Brackets Some very interesting chartology from one of my favorite chartist blogs, Dshort.com. As you can see, U.S. National Debt has its peaks and leveling off periods over our country's history (on an inflation adjusted basis), but contrary to what you've...
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Tags: Assets, bonds, Creditors, Dividends, Federal Government, Liabilities, Profits, What Is The National Debt