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Otherwise, you may get a debt estimate that skews high.
Mr. Rogoff estimates that if the budget office's debt estimate proves correct, every one percentage point increase in rates could eventually cost Washington an added $170 billion a year.
CBO said publicly held debt is expected to hit $14.8 trillion at the end of 2017, but other ways of calculating the debt estimate that it is now closer to $20 trillion.
Oh, and that 90% U.S. debt estimate includes the big tax hike scheduled for January, which CBO assumes won't retard economic growth.
And to keep the debt estimate down the budgeteers are making wishful assumptions that millions of high-paying jobs will reappear and health care reform will pay for itself.
That's about 1/230th of Orr's debt estimate, at most.
Similar(54)
Indeed, Madeira's debt estimates continue to creep up.
The Continent has outstanding Visa and Mastercard debt estimated at $49 billion -- much less than the $397 billion in Visa and Mastercard debt in the United States.
High earners may be sold in the summer to reduce the club's debt, estimated to be over £100m.
The Henry group, which also includes Tom Werner, Larry Lucchino and George Mitchell, bid $660 million and agreed to assume debt estimated at $40 million.
Separately, Russian officials said Mr. Putin had offered to forgive 70percentt of Cuba's Soviet-era debt, estimated at $20 billion.
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