Daily Reminder: National Debt

Last week I posted the total national debt, the $16T that is 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.