U.S.government debt that is not held by the public often is not counted in economic analyses because:

Question

Quizplus · Accepted Answer

Government debt that is not held by the public is often debt owed by one branch of the government to another, such as the Social Security trust fund lending money to the U.S. Treasury. Since this is essentially just an accounting transfer within the government, it is not typically included in economic analyses.

USGovernment Debt That Is Not Held by the Public Often