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in United States of America currently 14.6 trillion dollars in debt
What else can I help you with?
What is a quaddrillion?
I know,,,, that's how much we're in debt as a nation.
Which term describes the amount of money the nation owes?
Debt
What were economical effects of the Revolutionary War?
The war left the nation with a debt of about $27 million.
What is The level of the nation's national debt?
Depending on what nation, several hundred million to billions of £$ (other)
What is one way a nation can develop foreign debt?
By borrowing more money to pay off their debt
What are some pros and cons of the United States national debt?
Pro: The Nation will be debt free. Con: The National debt right now (2010) is 14,000,000,000,000 which is a lot of money to pay off and the nation might go broke.
What is the difference between the National debt and the budget deficit?
Budget deficit is how much we spend per year over what we take in from taxes. National debt is the total amount the nation owes (the deficits added together).
Is the level of our nation's debt limited by any government agency?
No
Why was the new nation in debt?
the new nation was in debt because at first it had no money to buy weapons to foght Europe with so it barrowed the money from other countries in order to get them and to pay the millitia.
Why did Alexander Hamilton want to create permanent national debt?
It was to enhance the governments credit
Is it possible to get tax debt forgiveness?
It is possible, but not likely. If the IRS started doing that too much, the government would not be able to keep the nation running.
What was Hamilton's plan to get the nation out of debt was?
Hamilton wanted to create a national bank, use manufacturing to fund the national debt.
