Daily Reminder

Although the total national debt of $16T is more commonly reported in the media, according to the US Treasury much of that is "held by Government trust funds, revolving funds, and special funds; and Federal Financing Bank securities." Many economists argue that the debt held by the public is a more useful measure of the nation's liability:

Data source: US Treasury

Michael Isenberg is the author of Full Asylum, a novel about politics, freedom, and hospital gowns. Check it out on Amazon.com.