Our national debt
For sale by the Supt. of Docs., U.S. Govt. Print. Off., 1964 - Business & Economics - 14 pages
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$20 billion amount big to pay budget surpluses—can keep cash certiﬁcates commercial banking constructive side debt burden debt has increased debt increases debt inheritance debt management debt reduction debt whenever possible deﬁcit diﬂiculties dollar eﬁ'ort erally Federal debt Federal Reserve ﬁg ﬁnance ﬁnancial ﬁrst ﬁscal ﬁxed redemption values ﬂow ﬂuctuations Government’s receipts gross national gross national product growing economy H bonds Hamilton hampering sound economic individuals inﬂation inﬂuence inheritance from hampering interest rate security interest return June 30 keep our debt loan associations long"term longer"term investors marketable securities national debt nonﬁnancial corporations Nonmarketable one"fourth one"half outstanding ownership percent possible through budget postwar period private debt public debt reached maturity reduced revenues savings institutions securities when possible short"term debt standpoint suﬂicient surplus three"fourths Treas Treasury bills Treasury’s U.S. GOVERNMENT PRINTING U.S. Government securities U.S. Savings Bonds World year’s