AB Bernstein came up with the calculation — 1,832%, to be exact — by including not only traditional levels of public debt like bonds but also financial debt and all its complexities as well as future obligations for so-called entitlement programs like Social Security, Medicare and public pensions.
Real US debt levels could be a shocking 2,000% of GDP, a Wall Street report suggests www.cnbc.com/amp/2019/09/09/r…
“During the July – September 2019 quarter, Treasury expects to borrow $433 billion in privately-held net marketable debt, assuming an end-of-September cash balance of $350 billion. The borrowing estimate is $274 billion higher than announced in April 2019. The increase in borrowing is primarily driven by changes in cash balance assumptions. During the October – December 2019 quarter, Treasury expects to borrow $381 billion in privately-held net marketable debt, assuming an end-of-December cash balance of $410 billion.”
TREASURY ANNOUNCES MARKETABLE BORROWING ESTIMATES FOR REST OF 2019 home.treasury.gov/news/press-…