First Global Finance Brief Published
"How Will We Pay Down the Bush-Obama Debt? Lessons from the Last 60 Years"
George J. Hall, Associate Professor of Economics
Brandeis International Business School
Spring 2010
By the end of 2009, privately-held U.S. Treasury debt stood at 53.0% of the gross domestic product (GDP), double the share from when President George W. Bush took office nine years ago. So how will we as a nation cover these interest payments and ultimately pay off this debt?
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