National Debt and Budget Deficit

Essay specific features

 

Issue:

Business

 

Written by:

Jesse G

 

Date added:

April 10, 2015

 

Level:

University

 

Grade:

B

 

No of pages / words:

2 / 537

 

Was viewed:

4846 times

 

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Essay content:

National debt, on the other hand, is the sum of all previously incurred annual federal deficits. Since the deficits are financed by government borrowing, national debt is equal to all government debt outstanding. Whenever the U.S. has a deficit year, money is borrowed to pay for the deficit. Deficits are not a new concept as far as our nation’s history is concerned...
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National debt, on the other hand, is the sum of all previously incurred annual federal deficits. Since the deficits are financed by government borrowing, national debt is equal to all government debt outstanding. Whenever the U.S. has a deficit year, money is borrowed to pay for the deficit. Deficits are not a new concept as far as our nation’s history is concerned...
displayed next 300 characters

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