The national debt of the United States is the total national debt owed by the federal government of the United States to Treasury security holders. The national debt at any point in time is the face value of the then-outstanding Treasury securities that have been issued by the Treasury and other federal agencies. The terms "national deficit" and "national surplus" usually refer to the federal government budget balance from year to year, not the cumulative amount of debt. In a deficit year the national debt increases as the government needs to borrow funds to finance the deficit, while in a surplus year the debt decreases as more money is received than spent, enabling the government to reduce the debt by buying back some Treasury securities. In general, government debt increases as a result of government spending and decreases from tax or other receipts, both of which fluctuate during the course of a fiscal year. There are two components of gross national debt:"Debt held by the public" such as Treasury securities held by investors outside the federal government, including those held by individuals, corporations, the Federal Reserve, and foreign, state and local governments."Debt held by government accounts" or "intragovernmental debt" is non-marketable Treasury securities held in accounts of programs administered by the federal government, such as the Social Security Trust Fund. Debt held by government accounts represents the cumulative surpluses, including interest earnings, of various government programs that have been invested in Treasury securities.

How you will benefit

(I) Insights, and validations about the following topics:

Chapter 1: National debt of the United States

Chapter 2: Social Security Trust Fund

Chapter 3: Balanced budget amendment

Chapter 4: Military budget of the United States

Chapter 5: PAYGO

Chapter 6: Fiscal policy of the United States

Chapter 7: United States federal budget

Chapter 8: 2007 United States federal budget

Chapter 9: History of the United States public debt

Chapter 10: Economic policy of the George W. Bush administration

Chapter 11: 2009 United States federal budget

Chapter 12: Financial position of the United States

Chapter 13: 2011 United States federal budget

Chapter 14: Expenditures in the United States federal budget

Chapter 15: 2011 United States debt-ceiling crisis

Chapter 16: Political debates about the United States federal budget

Chapter 17: Deficit reduction in the United States

Chapter 18: 2013 United States budget sequestration

Chapter 19: Economic policy of the Donald Trump administration

Chapter 20: 2018 United States federal budget

Chapter 21: Economic policy of the Joe Biden administration

(II) Answering the public top questions about national debt of the united states.

(III) Real world examples for the usage of national debt of the united states in many fields.

Who this book is for

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of National Debt of The United States.