Debt held by the public is NOT debt that represents a claim on government assets; it is simply intergovernmental transfers.

Question

Quizplus · Accepted Answer

Debt held by the public represents a claim on government assets, such as future tax revenues or the sale of government-owned assets. Intergovernmental transfers, on the other hand, involve government agencies lending money to each other, and do not represent a claim on assets outside of the government.

Debt Held by the Public Is NOT Debt That Represents