Calculating the Cost of the National Debt Most Americans have a vague notion about the national debt, but how many of us really understand the repercussions of a $9 trillion debt? In their new book, Where Does the Money Go?, authors Scott Bittle and Jean Johnson examine the way a looming federal budget crisis threatens to affect personal savings, retirement and mortgages.
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Calculating the Cost of the National Debt

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Calculating the Cost of the National Debt

Calculating the Cost of the National Debt

Calculating the Cost of the National Debt

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  • <iframe src="https://www.npr.org/player/embed/18963287/18961492" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Most Americans have a vague notion of our national debt, but how many of us really understand the repercussions of a $9 trillion debt?

In their new book, Where Does the Money Go?, authors Scott Bittle and Jean Johnson calculate the cost of debt and examine the way a looming federal budget crisis threatens to affect personal savings, retirement and mortgages.

Biddle and Johnson are co-editors of the Public Agenda Online, a public affairs website.

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