Public Debt

  • (noun): The total of the nation's debts: debts of local and state and national governments; an indicator of how much public spending is financed by borrowing instead of taxation.

Some articles on public debt, debt, public, debts:

The United States Of America - Government and Politics - Government Finance - Public Debt
... Main article National debt of the United States In March 2013, US federal government debt held by the public was approximately $11.888 trillion, or about 75% of US GDP ... Intra-governmental holdings stood at $4.861 trillion, giving a combined total debt of $16.749 trillion ... By 2012 total federal debt had surpassed 100% of US GDP ...
History Of The United States Public Debt
... In the United States, national debt is money borrowed by the federal government of the United States ... Debt burden is usually measured as a ratio of public debt to gross domestic product ... Debt as a share of the US economy reached a maximum during Harry Truman's first presidential term ...
Second Stadtholderless Period - Decline of The Republic
... accumulated enabled the Dutch state to erect a system of public finance that was unsurpassed for early modern Europe ... the funded public debt) after the founding of the Bank of England in 1696 had promoted the interconnection of the capital markets of both countries ... They literally had a vested interest in the funded public debt of the Dutch state, and as this elite was largely the same as the political elite (both Orangist and States Party) their ...
Batavian Republic - Stages in The History of The New Republic - The Uitvoerend Bewind - Public-finance Reform
... The system of public finance that had been the envy of the world in its Golden Age, enabling it to throw far beyond its weight in world politics up to the Peace of Utrecht in 1713, had become a ... By 1713 the public debt of the province of Holland had reached 310 million guilders the debt of the Generality was 68 million and the debts of the smaller provinces, and of the cities came on top of this ... The debt service of Holland alone in that year required 14 million guilders, which exceeded its regular tax revenue ...
Financial History Of The Dutch Republic - Collapse of The System
... investors are seen as shunning risk by their overreliance on "safe" investments in sovereign debt (though those proved extremely risky from hindsight), while on the other hand they are ... the detrimental effect the large Dutch public debt after 1713 had on the distribution of income ... and the attendant size of the necessary debt service, which absorbed most of the tax revenue, it also cramped the discretionary spending possibilities of the government, forcing a long period of austerity on it, with ...

Famous quotes containing the words debt and/or public:

    There is, of course, a gold mine or a buried treasure on every mortgaged homestead. Whether the farmer ever digs for it or not, it is there, haunting his daydreams when the burden of debt is most unbearable.
    Fawn M. Brodie (1915–1981)

    The average parent may, for example, plant an artist or fertilize a ballet dancer and end up with a certified public accountant. We cannot train children along chicken wire to make them grow in the right direction. Tying them to stakes is frowned upon, even in Massachusetts.
    Ellen Goodman (b. 1941)