Explain how the U.S. government managed to accumulate a debt of more than $18 trillion. To whom

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Explain how the U.S. government managed to accumulate a debt of more than $18 trillion. To whom does it owe this debt? Is the debt a burden on future generations?

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Economics Principles and Policy

ISBN: 978-1305280595

13th edition

Authors: William Baumol, Alan Blinder

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Question Posted: Apr 16, 2018 03:49 AM

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Explain how the U.S. government managed to accumulate a debt of more than $18 trillion. To whom

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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

Economics Principles and Policy

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