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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 economic 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.
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What is the national debt?
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.
What is national debt in 2015?
It depends on what country you are referring to. Here are the top 6 countries that have the most external debt in US dollars. There are other countries that have a higher debt to GDP ratio though. The U.S. currently has a national debt around 17.5 trillion dollars. The United Kingdom has a national debt of around 10.1 trillion dollars. 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.
Which is larger the National Debt or the Gross National Product?
The Gross National Product; The National Debt is reaching 10 trillion and the G.N.P. is over 11 trillion.
What does The national debt include?
all federal debt from previous years.
What was the U S National debt in 1999?
The estimated national debt in the United States in 1997 was 5.14 trillion dollars. As of October 2014, the national debt is 17.8 trillion dollars.
What was the national debt in 1791?
the national debt was something used to create national debt
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.
What is a sentence for the word national debt?
The national debt of this country is ridiculous.
What did Thomas Jefferson think of the national debt?
He wanted to cut the national debt.
What effect did the national debt have on France?
NOTHING the national debt was completely irrelevant.
What is the national debt clock?
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.
What does a budget deficit do to the national debt?
The debt increases.
When was Commissioners for the Reduction of the National Debt created?
Commissioners for the Reduction of the National Debt was created in 1786.
What is Colombia's national debt?
At the time of writing Colombia's National Debt is 122 billion USD
Who controls the level of national debt?
The level of national debt is controlled by Congress in the United States.
