The US economy and the candidates
The U-S debt is the sum of all outstanding debt owed by the federal government. On June 10, 20-20, it exceeded 26 trillion dollars. About two-thirds is debt held by the public. The U-S government owes this to buyers of U-S Treasury bills, notes and bonds including individuals, companies, and foreign governments. The remaining third is intra-governmental debt. The Treasury owes this debt to its various departments who hold government account securities, such as Social Security, which is one of the biggest owners. These government account securities have been running surpluses for years and the federal government uses these surpluses to pay for other departments.
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