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The $13 Trillion Question The $13 Trillion Question HowAmericaManagesItsDebt David Wessel EDITOR BROOKINGS INSTITUTION PRESS Washington, D.C. Copyright © 2016 THE BROOKINGS INSTITUTION 1775 Massachusetts Avenue, N.W., Washington, D.C. 20036 All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without permission in writing from the Brookings Institution Press. The Brookings Institution is a private nonprofit organization devoted to research, education, and publication on important issues of domestic and foreign policy. Its principal purpose is to bring the highest quality independent research and analysis to bear on current and emerging policy problems. Interpretations or conclusions in Brookings publications should be understood to be solely those of the authors. Library of Congress Cataloging-in-Publication data Names: Wessel, David, editor. Title: The $13 trillion question : how America manages its debt / David Wessel, editor. Other titles: Thirteen trillion dollar question Description: Washington, D.C. : Brookings Institution Press, [2016] | Includes bibliographical references and index. Identifiers: LCCN 2015034769 | ISBN 9780815727057 (pbk. : alk. paper) | ISBN 9780815727064 (epub) | ISBN 9780815727071 (pdf) Subjects: LCSH: Debts, Public—United States. | Finance, Public— United States. | Fiscal policy—United States. | Monetary policy—United States. Classification: LCC HJ8101 .A4155 2016 | DDC 336.3/40973—dc23 LC record available at 9 8 7 6 5 4 3 2 1 Typeset in Minion Pro Composition by Westchester Publishing Services ...


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