in United States of America currently 14.6 trillion dollars in debt
I know,,,, that's how much we're in debt as a nation.
Debt
The war left the nation with a debt of about $27 million.
Depending on what nation, several hundred million to billions of £$ (other)
By borrowing more money to pay off their 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.
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).
No
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.
It was to enhance the governments credit
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.
Hamilton wanted to create a national bank, use manufacturing to fund the national debt.