Government debt (also known as public debt or national debt) is money owed by any level of government; either central government, federal government, municipal government or local government.
As the government represents the people, government debt can be seen as an indirect debt of the tax payers.
Government debt can be categorized as internal debt, owed to lenders within the country, and external debt, owed to foreign lenders. Governments usually borrow by issuing securities such as government bonds and bills. Less credit worthy countries sometimes borrow directly from commercial banks or supranational institutions. Some people consider all government liabilities, including future pension payments and payments for goods and services the government has contracted for but not yet paid, as government debt.
More on [ Government debt ]
Debt Agencies :: Finance
Social Security :: Economic

Grandfather Federal Government Debt Report by MWHodges - Information on the National Debt, including who the money is owed to, how much worse it is than ever before, how the budget surplus is fake, and how the debt is still growing.
Meta Description: [ National debt per person soaring, and the highest ratio in 40 years. I am concered for the economic future of our youth, compared to prior generations. ]
A Better Auction Mechanism, And Why Governments Should Sell Futures Rather Than Debt - Paper outlining the need for governments to stop selling debt through their current, primitive methods, and a suggestion for a replacement.
Meta Description: [ A new auction mechanism for the sale of government debt, using ‘auctionettes’ ]
Budget Explorer: The Complete U.S. Federal Budget - Explore the entire U.S. Federal Budget quickly and easily. Find solutions to reduce the National Debt. Learn how others have balanced the budget, and how your Federal taxes are spent.
Meta Description: [ Explore the entire US Federal Budget quickly and easily. Balance the budget to reduce the National Debt. Learn how your Federal taxes are spent. ]
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CCER National Budget Simulation - This is a creative and interactive page presented by UC-Berkeley's Center for Community Economic Research (CCER). A new on-line National Federal Budget Simulator lets anyone on the World Wide Web attempt to balance the budget. Your choices and the actual budget can be shown graphically also.
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Debt Clock - A Java-based national debt clock, calculates the Debt, including your own portion of it and many similar things, every second.
Meta Description: [ Real time display of the U. S. National Debt and current Fiscal Spending. ]
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Deficits, the National Debt, and Economic Growth - A new, optimistic view on an old subject. This website emphasizes the importance of economic growth and seeks to dispel some myths about deficits.
Meta Description: [ The national debt is the wrong enemy.
Debt is harmless, even desirable, when it funds growth. ]
FAQ About the Budget and the National Debt - The U.S. Treasury's Office of Public Correspondence tries to answer some of the safer questions on the National Debt.
Meta Description: [ US Treasury Learning Vault including Biographies, Secretaries, Treasurers, Duties, Functions, Treasury History, Tours, Treasury Building, Frequently Asked Questions, FAQs, Fact Sheets, For Kids, Ask a Question, Public Correspondence, and Important Events ]
Federal Budget Spending, National Debt, Deficit - Is there a budget surplus? You can find out for yourself. If the National Debt is increasing, then the Treasury Department is borrowing, and there must be a deficit.
Flashback - The Balanced-Budget Debate - The Atlantic Monthly's review of its own century of articles takes a look at Federal deficits and debt. As always, they lean toward the Liberal viewpoint, but Conservatives should find also it fascinating nonetheless.
The Mechanics of Inflation - A detailed analysis of the mechanics of the great modern government swindle known as inflation.
Meta Description: [ A detailed analysis of the mechanics of the great modern government swindle known as inflation ]
The Public Debt To the Penny - The United States public debt--to the penny
Meta Description: [ The United States debt--to the penny ]
U.S. National Debt Clock - Another National Debt clock, this one not in Java, with many useful links, and a National Debt FAQ.
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