The Public Debt Problem A Comprehensive Guide

The European public debt problem was in the making long before the 2007-2009 recession, as budget deficits had become endemic. A similar crisis is developing in America, where the same fundamental causes have been at work. The Public Debt Problem analyzes the situation of public debts in America and reviews the official forecasts for the federal government. Lemieux carefully explains the main concepts (budget deficit, public debt, etc.) and analytical tools (discounting, government accounting, Treasury securities, bonds, yields, etc.) necessary to understand the issues. This book will help the intelligent layman understand what the problem is, and what are the available solutions.

Pierre Lemieux is an Economist affiliated with the Department of Management Sciences of the Université du Québec en Outaouais, a Senior Fellow at the Montréal Economic Institute, and a Research Fellow at The Independent Institute (Oakland, California). He is author of several books published in Paris,France,as well as several newspaper and journal articles.