Tag Archives: Tax Cut Deficit

Debt held by the public is a measure that indicates the extent to which federal borrowing affects the availabil­ity of private funds for other borrowers. All else being equal, an increase in government borrowing reduces the amount of money available to other borrowers, putting upward pressure on interest rates and reducing private investment. It is the measure of debt most often used by CBO in its reports on the budget. The cost of growing debt increases the finance payments of new and used vehicles. Continue reading →