In the introduction, I mentioned that the national debt was far too large to put on a traditional credit card. But as this chapter will show, the U.S. Treasury and its agencies allow the country to spend and borrow, much like an individual with a wallet full of credit cards.
KeywordsInterest Rate Public Debt Bond Price Trust Fund Treasury Bill
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- 1.Bureau of the Public Debt, “Our History,” www.publicdebt.treas.gov/history/history.htm (accessed February 6, 2011).
- 2.TreasuryDirect Kids, “The History of U.S. Public Debt: The Beginning of U.S. Debt,” www.treasurydirect.gov/kids/history/history.htm (accessed February 6, 2011).
- 3.Bureau of the Public Debt, “Commissioner’s Welcome,” www.publicdebt.treas.gov/whoweare/welcome.htm (accessed February 8, 2011).