Recently, Treasury Secretary Larry Summers implied that the government would be de creasing the supply of government bonds in order to pay down outstanding debt. This likely represents the beginning of President Clinton's plan to use a surplus that could total as much as $1.92 trillion over the next ten years to begin to eliminate the national debt (Dreazen, 2000).
Recommended CitationSandford '02, Jeremy (2001) "Government Debt," The Park Place Economist: Vol. 9
Available at: http://digitalcommons.iwu.edu/parkplace/vol9/iss1/18