Deficit pp 17-33 | Cite as

A Huge Credit Card

  • Marie Bussing-Burks


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.


Interest Rate Public Debt Bond Price Trust Fund Treasury Bill 
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  1. 1.
    Bureau of the Public Debt, “Our History,” (accessed February 6, 2011).
  2. 2.
    TreasuryDirect Kids, “The History of U.S. Public Debt: The Beginning of U.S. Debt,” (accessed February 6, 2011).
  3. 3.
    Bureau of the Public Debt, “Commissioner’s Welcome,” (accessed February 8, 2011).

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© Marie Bussing-Burks 2011

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  • Marie Bussing-Burks

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