Purchase Solution

Interest payments to the US Debt

Not what you're looking for?

Ask Custom Question

What does the interest paid each year on the US debt mean? Compare this feature to that of a household and a hypothetical household's debt load?

Purchase this Solution

Solution Preview

Debt is the result of spending more than your income. Each year since 1969, Congress has incurred debt by spending more than the government takes in. Each year, therefore, the debt has grown. Debt results in interest payments, which is what the government pays its creditors. People expect a return on their money, so those who finance Federal debt through bonds are paid interest. The amount of this ...

Purchase this Solution


Free BrainMass Quizzes
Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.