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How Will We Pay Down the Bush-Obama Debt? Lessons from the Last 60 Years

Author

Listed:
  • George Hall

    (International Business School, Brandeis University)

Abstract

By the end of 2009, privately-held U.S. Treasury debt stood at 53.0% of the gross domestic product (GDP), double the share from when President George W. Bush took office nine years ago. So how will we as a nation cover these interest payments and ultimately pay off this debt?

Suggested Citation

  • George Hall, 2010. "How Will We Pay Down the Bush-Obama Debt? Lessons from the Last 60 Years," Rosenberg Global Financial Briefs 1, Brandeis University, Rosenberg Institute of Global Finance, International Businesss School.
    • Handle: RePEc:bui:rosgfb:01
    as

    Download full text from publisher

    File URL: http://www.brandeis.edu/global/about/centers/rosenberg/repec/wpapers/Global_Finance_Brief_Hall.pdf
    File Function: First version, 2010
    Download Restriction: no
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    More about this item

    Keywords

    Debt; National Debt; Government Debt; Debt-GDP Ratio;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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