When did the national debt start?
keylee parks and kolton astle hates spending money
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The National Debt is the money owed by the US government to the Federal Reserve for printing money. Most of the money that is spent is spent on military and welfare. To see current statistics on the National Debt, see the Related Links to see the National Debt Clock keeping track of the debt in our …country. (MORE)
It depends on what country you are referring to. Here are the top 6countries that have the most external debt in US dollars. There areother countries that have a higher debt to GDP ratio though. The U.S. currently has a national debt around 17.5 trilliondollars. The United Kingdom has a national de…bt of around 10.1 trilliondollars. Germany has a national debt of around 5.7 trillion dollars. France has a national debt of around 5.3 trillion dollars. Japan has a national debt of around 3 trillion dollars. China has a national debt around 3 trillion dollars. (MORE)
No it can not be justified. Considering it is impossible for the average citizen to wrap their heads around what it is exactly that governments do, it is merely a matter of trust as to whether or not you believe the government is acting morally and without bias. Because they have a duty to uphold ec…onomic growth there is also a conflict of interest in the sense that: governments need to stimulate private sector growth by maintaining a strong financial sector. The finance industry relies on regulation that is created by the government. They must breed off each other to survive, therefore they must have each others interest in mind in any move they make. This relationship is by no means symbiotic but merely parasitic and bound to be unsustainable in the long run. (MORE)
debt increases every day, how much? no clue
Answer . The National Debt since WWII dropped steadily under the Truman, Eisenhower, Kennededy. Johnson and Carter Administrations, and more than doubled under Reagan and Bush (GHW). Clinton returned to the downward trend and Bush II reversed that again. Looking at a chart of the US Debt as a per…centage of the Gross Domestic Product makes it quite clear that Ronald Reagan and "Reaganomics" is the responsibe party. The Truman years stand out as the ones that demonstrated the most fiscal responsibility, followed in order by Eisenhower, Clinton, Kennedy, Carter and Johnson. (MORE)
When a government spends more than it receives in taxes, it runs a budget deficit which is usually covered by issuing debt obligations to domestic and/or international investors. In the US these obligations are Treasury bills, Treasury notes, and Treasury bonds. The total outstanding amount of such… obligations constitutes a National Debt.. National debt refers to a situation in which the nation owes large amounts of money to outside sources. (MORE)
Based on CIA world factbook Nepal's est. national debt as of December 31 2011 was $3.777 billion USD
The national debt refers to the amount of money that the USgovernment owes. Currently, the national debt is slightly over 17trillion dollars.
40.6% of it is owed to the Federal Reserve (Which is Part Private Business and Part Federal) and government accounts. 22.7% Is foreign and international - Countries like China, Japan, and the United Kingdom. The rest is owed to various individuals, corporations, and states.
As of January 31st 2011, total debt of the US economy is 14.13 Trillion US Dollars.
Public debt is the money owed by any one branch of the government.National debt is the money owed by all the branches of government.
In the year 1920, the national debt was 25.95 billion dollars. In2014, the national debt is over 17,152 billion dollars.
The national debt in China is very high. It is roughly 14.6 trillion yen. When that number is converted to USD, the number is roughly 2.3 trillion dollars.
short answer: the interest is paid to folks who buy treasurey bills and gvmt bonds. in theory some is going to social security fund, but that's just paying interest to ourselves, so it's funny money. probably a google search of tbill and gvmt bond buyers will show the folks we send dollars to.… Saudi Arabia (our friend and ally), and China. The US will be in trouble if they don't roll them over and want cash. (MORE)
The National Debt is the responsibility of the government. Thisdebt comes from government spending. This spending is acquired fromgovernment programs and foreign aid.
The national debt in the year 2000 was at $5,674 (in billions). TheGDP in the year 2000 was $10,364 (in billions). These numbers bothrose slightly the following year due to 9/11 and the Bush tax cuts.
the total amount of money that a country's central government has borrowed and is not still paid.
As of July 2014, the national debt for Canada is an estimated619,674,167,665.25 Canadian dollars. The country owes money tobanks, insurance agencies, and investment dealers.
The national debt clock is a real time running total display which constantly updates to show the current national debt of the United States. You can find it at the website US Debt Clock.
US GDP (1998 dollars): $526.6 billion Federal spending: $92.19 billion Federal debt: $290.5 billion Consumer Price Index: 29.6 Unemployment: 5.5% Cost of a first-class stamp: $0.04
seven trillion dollars is how much are u.s. government is debt itshut you know 2013-2014
nobody. The debt is larger than the sum of all money, so it can never be repaid.
US National Debt Even before I write the figures, they will be outdated. National Debt Before Interest The national debt a couple of minutes ago was $12,950, 497, ---, ---. The last digits are blank because the live ticker was changing too quickly to write down the numbers. Debt per citiz…en was $41, 882 Debt per taxpayer was $117, 707 Government spending was 3,555, 151, 4--,--- The deficit was $1,426, 071, 84-,--- And to give some idea how quickly those figures are growing, I looked again and the Natonal Debt is now $12,950, 514,---,---. With Interest, it jumps dramatically. With interest the debt is: $55,751,567,000,000. That is $180,000 per citizen . And the national debt is now $12, 950,540,---,---. Please see the related link to visit the Live National Debt Clock. (MORE)
\nlots (like a couple hundred billion) but not as much as the us national dept at like 11 trillion\n. \ncheck out the us dept counter here--> http://zfacts.com/p/461.html
They are so far in debt because they over spent in areas such as the war in Iraq and Afganistan, etc. The point is they spend WAY TO MUCH MONEY... (which THEY DONT HAVE ) and then expect to bail themselves out by giving "stimulus package" aids to the entire country. Another problem is that the U.S.… Congress can't seem to keep their noses out of foreign countriess problems, which just pulls them into the problem. If you wanted to go on you could even get into detail with the fact that they seem to like to bail out major companies that are going bankrupt (i.e. The big three motor compaines Ford, GMC, Chevy). (MORE)
there is not a true true answer for this question but if u see it on a test sit next to a nerd and copy them okay
by cutting off the navy and other warlike things also anything that was not used at all
Govenments (Canadian or other) borrow money by selling bonds; a bond is simply a kind of promisary note or IOU. And bonds are bought by many different people and by many different financial institutions, including banks, investment companies, and even other national governments.
Who says we can't? Ultimately it is up to the country in question to choose how to spend their money.
In 2011, Greece's national debt was $488 billion and the country was undergoing austerity measures to repair the countries poor economic condition.
I'm not sure but I know we didn't have Much before George W Bush came into office
Doesn't matter, because the national debt is at or above 90% of the GDP now. Once this happens, the currency starts to fail. Consider currency as stock in the U.S. economy. If it fails, it probably will not matter how much you have, because at that point it will only be monopoly money.
If you want to help with the economy, don't consider the national debt your debt. While they might divide it by the amount of people and say each citizen would have to pay a certain amount, no one needs to, or in most cases, does pay pure capital for the national debt. BUY STUFF! Maybe go to a …restaurant. Sales tax is one factor. But then there is the business, which uses your money to pay the food manufacturers. That pays the food processing employees, and keeps them employed so they can pay taxes too. Your tip means the waiter or waitress has cash to go buy something, which is taxed. It keeps the business open, and paying income/property taxes. Those taxes feed the institutions that keep the government and the country running. A variation of trickle-down economics. Sort of. Actually, sales tax is state legislated not national. Property tax is a county (or parish) tax. Understand that the national debt is money owed by the federal government (such as bonds or treasury bills owned by people and institutions throughout the world). (MORE)
hamilton was all for the national debt . he wanted to go through with it . only because it would help out the country in a time of need money was all scarce.
Look for the related links part to see a website that shows the national debt and the interest cost go up in real time.
Outsourcing of jobs and manufacturing our own goods. We are no longer making so many of our own products , you cannot even find many things that used to be Made in the USA . It's a disgrace.
By balancing the budget. This can be done by increasing government income (raising taxes) and decreasing government expenditure.
Its very simple!! India's total population: 1170938000(approx) debt to be paid off!! : Rs.1259291342000(approx) 23760214000/1170938000 = Rs 1075 (approx) If 1 citizen of India pays just 1075 then all our debts will be paid off!! But every1 shud take part in this!! Think it over frnds!! … If u can buy a costly Levis shirt for Rs 4000 and all other unnecessary things.. U can really pay off the debt that out motherland is facing!! Jai Hind!! (MORE)
Currently the US national debt is about 13 trillion dollars, and this is an extremely large amount. The nation is deeply in debt. Debts are expensive because lenders charge interest.
He proposed a three part financial plan to Congress in 1790 to improve the nation's finances: 1.) Pay off all war debts 2.) Raise government revenues 3.) Create a national bank
THE USA . Executive Order of 1933 HJR 192 educationcenter2000.com/legal/HJR_192.html - Cached. Thus, it is clear that, as a result of HJR 192 and from that day forward (June 5, 1933 ), no one has been able to pay a debt . The only thing they can do is ... .
Only by large cuts to most everything and killing obama-care. That is the first huge step that must be made to keep the US from failing. If the us fails the world will fall into a huge depression thanks to our consumerisim. Without the US buying huge ammounts of foreign goods those countries would c…ollapse due to the loss of a major buyer (MORE)
The government first needs to cut spending in many areas, especially in military spending and foreign aide. It also needs to stop all excess spending on so many worthless programs that don't work. It must also start to increase income, but not with more taxation. Instead, I suggest we give the ge…neral populace an incentive to pay their taxes by starting a national lottery that is run only once a year. . . on May 1st. The only way anyone can enter the lottery is on the back of their income tax return or if they file electronically, then as part of their electronic filing. Perhaps all filing will eventually become electronic to make it easier for all. This will be the first time anyone has offered the American public any incentive for paying their taxes on time and directly gives them something back for filing. For each filing of income tax, one or two entries would be allowed and there would be a limited amount that could be spent on lottery tickets, limited by the amount of one's tax return or no more than $100. apiece. There would be no more extensions of time to file - or they lose their opportunity to enter the lottery. The lottery would be a super mega-ball and the payout could be a Billion dollars to one person and there could be 100 or 1000 other winners - just so everyone gets a real opportunity to win something. The proceeds would be mandated to go only for the reduction of the deficit and after it is paid off, then only for charitable contributions. How's that sound? Here's another answer: There are going to be a lot of different opinions about this, but let me give you mine. Governments, like individuals, should live within their means. Borrowing money is justifiable in times a national emergency such as a very expensive war (although it is also a really good idea to avoid getting into very expensive wars) but to borrow money continually, for decades, as the US has done (not including the Clinton administration) is economically ridiculous. Inevitably, continued borrowing will lead to the point where the government can't even afford to meet the interest payments, at which case you have national bankruptcy (which recently almost happened to Greece, although it was rescued by the European Union - if the US should come to a similar state, I predict that nobody is coming to the rescue). Therefore, what to do is to reduce spending and gradually pay off the debt, and stop borrowing money except in cases of genuine emergency, and even then, repay the debt as soon as possible. I know, this is fine in theory but very difficult in practice. Nobody wants to give up their own favorite government program. There are, however, ways to do it. For example, we don't really need to keep fighting the war on drugs. If people want to use recreational drugs, it may not be a good idea, but let them do it. The cost of trying to control what drugs everybody chooses to take is prohibitive. Interestingly, this is not just my idea, it was recently recommended by a prestigious UN panel. So it is actually a respectable idea. And military spending is clearly out of control. Yes, the US needs to ensure its national security, but it needs to do it in a less expensive way. Those are just two major examples, there are lots more. (MORE)
The National Debt Line is an organization located in the UK. It is a line where people with debt problems can call and ask for help. This is done as a charitable organization.
No, except at the beginning of a sentence because it is n ot a proper n ou n.
well before newfound land (now called newfoundland&labrador) joined confederation they were approximately in 101million dollars in debt
Depends on WHERE. Re-ask the question with your country or the country you are asking about.
The size of the US's national debt is a vital piece of the economical health of not only the USA but of all nations participating in world trade and economics. I'll focus on the USA's national debt. Generally speaking a small national debt helps the USA's economy in a few ways. Based on the USA's po…sition in the world as a major player in world economics and yes, it's military strength, a small national debt means that taxes in the USA, whether income taxes or other Federal taxes, need not be raised to pay the principal and interest of the national debt. Another positive feature of a small national debt is that the USA can issue bonds on the free market to raise money in a smooth manner as the small debt is one indicator that the USA's finances are in good order. This also directly affects the amount of interest that Government bonds need to pay the buyers of Government bonds. The USA's ability to help the economies of other nations is enhanced when the USA can borrow funds to help their economies. Thus, the amount of foreign aid the USA can lend or grant to other nations for good reasons not frivolous ones, is increased. (MORE)
Not sure what you are trying to ask: Was the USA aware of its national debt? To some degree yes; national news has always carried some mention of whatever is going on with the national debt. How much any individual pays attention to the news is going to vary from person to person. There is …also the fact that the common man has very little control over that debt. It's very much a congressional decision whether to allow the country to fall into debt or not on a national level. OR are you asking: Is the USA afraid (wary) of the national debt? To some degree the answer is yes. While debt in the short term is something that can be solved; if the pattern continues the government will fail. The degree of fear invoked would be based on how much trust you have in politicians and for many that trust is long gone. ------------- "Did America beware national debt?" is not a rational question. America is not a country it is a continent (two actually) and contains quite a few countries. Not all of America is in debt. I can only assume your meaning is USA (the United States of America) and not all of the countries in America. Also the use of "beware" in this way is not usable in this manor; and depending on whether you are eluding to awareness or fear it sounds like you are trying to use the words aware or wary; both of which lead to very different questions. Being aware of something is knowing it exists; being wary of something is to be afraid of it. "Beware" is a warning that you should be afraid of something; you don't ask someone if they "beware", you tell them they should beware. (MORE)