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Essay

Budget Deficit & National Debt

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Calvin H

 

Date added:

July 7, 2011

 

Level:

 

Grade:

B

 

No of pages / words:

3 / 808

 

Was viewed:

7482 times

 

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Essay content:

I discovered that many people use the term somewhat more broadly to refer to the total indebtedness of all levels of government, including regional and local governments and sometimes also the indebtedness of government owned business entities such as local transit and communications systems or nationalized industries as well...
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The national debt represents the accumulated total of all the government budget deficits of past years, less the accumulated total of all the government budget surpluses of past years. In the United States, the national debt consists almost entirely of interest-bearing "IOU" instruments that are usually re-sellable on organized financial markets such as, for example, U...
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