Is public debt the money the government owes us (the citizens) or ?
In: Economics
No. Public debt is money that a government owes to various people/companies/other governments/etc. It’s not To the general public, it’s FROM the general public (or wherever else governments get their money).
You can swap that relationship around some, if you want to invest in the government. For example: You spend $50 on a $100 US Savings Bond (a “EE” bond if you want ELI65). You now own a piece of the National Debt, and the government owes you $100 in 20-years in exchange for your $50 now.
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