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What is public debt?

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What is public debt?
its all of the money borrowed by the government over the years and not yet repaid, plus the accumulated interest on that money.
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How much does each US citizen owe the public debt?

$46,016 for each person in the US. HOW MANY RELATIVES DO YOU HAVE?  ADD THEM UP AND MULTIPLY BY $46,016 PER EACH PERSON AND YOUR FAMILY  OWES THAT AMOUNT AND IT'S GROWING MO

Bad effect of public debt?

• It may lead to wasteful government spending ..   • It creates inflation   • It is a burden to future generations   • It is the reduction of future consum
How did the opinions of Jefferson and Hamilton regarding the public debt differ?

How did the opinions of Jefferson and Hamilton regarding the public debt differ?

The opinions of Jefferson and Hamilton about the public differed because Jefferson was more a man of the people who felt that people should not have debt, and that it only hu

Why public debt bad?

Public debt means that your town, state or country is spending more money each year than it is 'earning' (i.e. coming in form taxes). To do this your town, state or country

The public debt increases when?

The Government spends more money than it collects.

How does deficit financing add to public debt?

deficit financing adds to public debt because it is regularly spending more than it takes in each year-and then borrows to make up the difference.

Causes of public debts?

majorly caused by increased government spending

What are the sources of public debt?

Exeternal debts and internal debts
Why is there need for public debt?

Why is there need for public debt?

Need for public debt: During period of inflation and deflation it is a sound fiscal weapon.

How does deficit financing lead to public debt?

The federal government practiced deficit financing. That is, it spent more than it took in each year and borrowed to make up the difference. The government relied on deficit f
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Is Public debt or External debt bigger?

The Public Debt is debt that is owed by the Government of the United States. The External Debt is that is owed to foreign countries. The current Public Debt is $16,738,541,240

What are the Advantages and disadvantages of public debt?

The biggest disadvantage of public debt is the fear of it leading  to excessive inflation. The advantage of public debt is the  leveraging of public assets to provide servic