Is this correct?

The US national debt is 11 trillion. But the outstanding credit market debt for the federal government is only 6.8 trillion. Does the 4.2 trillion in U.S. treasuries held by federal agencies account for the difference? It adds up, but I’d like confirmation.

UPDATE: yes, that was it. Although the tautological debt is now $4.6 trillion. If we apply Socrates’s reasoning evinced in Euthyphro to it, we can therefore conclude it does not, in fact, exist.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: