What would you like to do?

What is public debt?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

its all of the money borrowed by the government over the years and not yet repaid, plus the accumulated interest on that money.
13 people found this useful
Thanks for the feedback!

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

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

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

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
In Uncategorized

What causes the nation's public debt?

The Federal Government spends more money than it collects in taxes. In some cases, such as in wartime, the Federal government needs to spend a lot of money recruiting soldiers