Explain how the U.S. government managed to accumulate a debt of over $9 trillion. To whom does

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Explain how the U.S. government managed to accumulate a debt of over $9 trillion. To whom does it owe this debt? Is the debt a burden on future generations?

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Macroeconomics Principles And Policy

ISBN: 9780324586213

11th Edition

Authors: William J. Baumol, Alan S. Blinder

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Question Posted: Sep 01, 2012 02:48 AM

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Explain how the U.S. government managed to accumulate a debt of over $9 trillion. To whom does

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Until 1980 the United States had accumulated a national debt of just under 1 trillion most of it res...View the full answer

Macroeconomics Principles And Policy

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