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Why is it difficult to eliminate the national debt?

Updated: 8/21/2019
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Q: Why is it difficult to eliminate the national debt?
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Related questions

What are the goals of the US?

establish better relationship with europe eliminate national debt


What was the national debt in 1791?

the national debt was something used to create national debt


How did bush inherit a 5.8 trillion dollar debt if Clinton left office debt free?

Don't confuse the national debt with the national deficit. The national debt is the accumulated debt carried from year to year. The deficit is the difference between tax revenue and government expenditure in a given year. Clinton was able to get expenditures below revenus while he was in office (known as a budget surplus), but he was not able to eliminate the debt. Clinton inherited a massive debt from GHW Bush (which he inherited from Reagan), and passed an only slightly smaller debt to GW Bush.


Ways to eliminate debt?

pay it off


National debt in 2003?

What was the national debt in 2003?


What is the amount national debt in Peru?

$350,000,000 in national debt


What is the US national debt?

The US National Debt is nearly $16,963,703,000, or 16.9 trillion dollars.


Can you file bankruptcy against a divorce order in North Carolina?

Whether you can eliminate a debt that resulted from a divorce decree will depend on the type of debt. If you owe child support or alimony from a divorce then you will not be able to eliminate the debt in bankruptcy. If the divorce assigned some debt to you as part of the divorce and it was not assigned as child support or alimony then you may be able to eliminate the debt in a Chapter 13 bankruptcy. Chapter 13 bankruptcy allows you to eliminate debt assigned to you that is in the nature of a property settlement and not child support or alimony.


Ways to reduce or eliminate debt?

You can make a budget


Where would it be possible to find information about how to eliminate debt?

There are many organizations and companies that have been set up to help one eliminate debt, to include Freedom Debt Relief, Consumer Credit, and the Debt Counseling Corp. Additionally, many websites like CNN Money, Frugal Living, WikiHow, and The Dough Roller have articles about how to eliminate debt through a variety of means.


What is a sentence for the word national debt?

The national debt of this country is ridiculous.


How can you find information to eliminate debt?

The are a few different ways someone can eliminate debt. The best way would be to speak with a debt counselor that can guide you on your individual needs. You can also speak with a bankruptcy lawyer. Even if you do not want to file for bankruptcy, they can guide you on how to get that debt eliminated.