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URL:  https://boards.fool.com/i-thought-the-us-gdp-was-around-14-trillion-give-29356127.aspx

Subject:  Re: Chart of Federal Debt (1797-2010) Date:  6/13/2011  1:35 AM
Author:  howardgt Number:  32939 of 36651

I thought the US GDP was around $14 trillion give or take what is in fact irrelavent.........and that the debt load for the Federal govt alone was something around $14 trillion...

The original historical chart only tracks “Federal Debt held by the public”.

The over 14 trillion debt that you are referring to is “Total Federal Debt”.

This includes:

1) Federal debt held by public
2) Debt held by the Federal government (e.g. Social Security IOU’s)
3) Monetized debt (e.g. debt held by Federal Reserve)


http://en.wikipedia.org/wiki/United_States_public_debt
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