l****z 发帖数: 29846 | 1 Fed Chair: ‘Deficits Will Rise to Unsustainable Levels’
May 7, 2014 - 5:27 PM
By Terence P. Jeffrey
(CNSNews.com) - Federal Reserve Chairman Janet Yellen, referencing the
Congressional Budget Office's long-term budget projections, told the Joint
Economic Committee of Congress today that under current policies the federal
government’s deficits “will rise to unsustainable levels.”
In the 10-year budget projections it released in April, the CBO estimated
that the federal government will run $7.618 trillion in deficits from 2015
through 2024. At the same time, the CBO projected that the federal
government’s debt held by the public would rise from $11.983 trillion at
the end of fiscal 2013 to $20.947 trillion by the end of 2024.
The debt held by the public is the part of the U.S. government debt that is
not held by the federal government itself. It primarily consists of
marketable Treasury securities, including bills, notes and bonds. It does
not include what the government calls “intragovernmental debt," which is
the money the Treasury has borrowed out of the Social Security Trust Fund
and other government trust funds to pay current expenses.
The total debt of the federal government at the end of fiscal 2013--
including both the debt held by the public and the intragovernmental debt--
was $16.719 trillion. The CBO estimates that by 2024, the total debt of the
federal government will be $27.159 trillion—of which $20.947 trillion will
be debt held by the public.
If that projection holds up, the federal debt held by the public in 2024
would be more than four times the $5.035 trillion federal debt held by the
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【在 l****z 的大作中提到】![](/moin_static193/solenoid/img/up.png) : Fed Chair: ‘Deficits Will Rise to Unsustainable Levels’ : May 7, 2014 - 5:27 PM : By Terence P. Jeffrey : (CNSNews.com) - Federal Reserve Chairman Janet Yellen, referencing the : Congressional Budget Office's long-term budget projections, told the Joint : Economic Committee of Congress today that under current policies the federal : government’s deficits “will rise to unsustainable levels.” : In the 10-year budget projections it released in April, the CBO estimated : that the federal government will run $7.618 trillion in deficits from 2015 : through 2024. At the same time, the CBO projected that the federal
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