My understanding is some of it about 20% is intragovernmental,like borrowed from SS. Not that it doesn’t matter, but the 100% left is what sets the interest rates. The other 20% will start moving into the 100% public debt at some point. So it can get worse even if we stop borrowing.
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My understanding is some of it about 20% is intragovernmental,like borrowed from SS. Not that it doesn’t matter, but the 100% left is what sets the interest rates. The other 20% will start moving into the 100% public debt at some point. So it can get worse even if we stop borrowing.