August 21, 2024

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Understanding Public Debt

Public debt, sometimes called government debt, is money borrowed by governments. Like all debt, public debt finances spending today by borrowing on the promise to repay what is borrowed in the future with interest.  This Explainer looks at public debt, its impact on taxpayers, and what, if anything, can be done to mitigate the scope and impact of that debt.

Read the full Explainer:

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