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What of these terms refers to the total amount of money the U.S. government owes to its creditors?
Various terms are used depending on context, national debt, trade deficit or balance of payments are the most common.
Where do fire departments get money?
From government, so our taxes.Yes from Government, But not the taxes. Taxes are not used for infrastructure in the least amount. It is being used to pay on the INTEREST of the national debt alone.
What is the total national debt of the United States?
Currently over $9.6 trillion. Keep in mind that the "total national debt" = "total public debt" + "total intergovernmental debt". Often when you hear that the "national debt" has been decreased (i.e. during the Clinton years), they mean only that the "total public debt" has been decreased, which is the amount of government-issue debt held by the public. HOWEVER, the other component of the "total national debt", "total intergovernmental debt", is just as important - it is the amount of money the government borrows from itself to pay off public debt. This is what is contributing to the future meltdown of the social security system: the government borrows from current social security surpluses (that are the result of all the baby boomers still paying social security taxes and not retiring and receiving benefits yet), and uses these borrowings to reduce its "public debt". BUT, when baby boomers start retiring and the social security system starts owing much more money than it is taking in, that money will not be in the social security vault because the government used it to pay off its public debt. Barring a MAJOR reform before this happens, this will result in either a) massive, massive tax increases to fund these social security obligations, b) massive amounts of money being borrowed, resulting in a likely $10-40 TRILLION increase in the national debt over the next 20-40 years, or c) these obligations not being met. This is why if you are under 40 you should hate the AARP... you hear nothing about this crisis in the election talk, but even if you end up having to pay 50-60% income tax twenty years down the road so your parents' generation can comfortably retire, your generation will still face a huge shortfall in your social security that it will have to somehow account for down the line. FORM AN AAYP (American Association of Young People) ASAP, you are being cruelly and recklessly taken advantage of by the preceding generation.
How did Cleopatra raise money for the economy?
Her father Ptolemy XIII had borrowed money from Rome. Since he couldn't pay it, when he died, the throne and debt passed on to Cleopatra. So, in order to pay it, she taxed the people heavily and she used many other ways to raise the economy.
What is the national deficit?
A deficit is caused when the amount of revenue taken in by a government is less than it spends on its programs. The difference becomes a debt in the form of loans against future revenue, usually promissory notes and bonds. When a city or state is in deficit, it usually requires curtailing public services or reducing public employment. However, the national government is less restricted in its spending because a deficit is covered by borrowing (Treasury Bills and bonds are normally used to finance interim spending anyway). The total of these loans is called the National Debt, and most of it is actually owed to investors in the US. When the US imports more than it exports, the difference is called the "balance of payments" deficit, which is potentially more important because it represents debts to foreign countries (e.g. China). *The US, as with most nations, has the ability to "create" money in the form of currency, and can regulate its debt through control of the money supply. This is usually not a permanent solution because it can decrease the value of the dollar.
What was the national debt in 1791?
the national debt was something used to create national debt
How are negative numbers used in every day life?
it can be used in money for the debt and the national debt clock is in the negative number so if it helps rate it 1-5
What of these terms refers to the total amount of money the U.S. government owes to its creditors?
Various terms are used depending on context, national debt, trade deficit or balance of payments are the most common.
How is taxpayer money used for education?
It is used for books, electronics, and improvments and repairs in the school. Money is also used for paying the teachers.
How is taxpayer money used for education today?
It is used for books, electronics, and improvments and repairs in the school. Money is also used for paying the teachers.
How does deficit spending impact national debt?
Deficit spending is spending money raised by borrowing. It is used by governments to stimulate their economy during times of depression or economic slow-down. Unless the borrowing is repaid, deficit spending will increase the national debt.
Where do fire departments get money?
From government, so our taxes.Yes from Government, But not the taxes. Taxes are not used for infrastructure in the least amount. It is being used to pay on the INTEREST of the national debt alone.
Who pays government employee salaries?
Taxpayer money is used to pay Govt. employee salaries.
Where does your federal tax money go?
over half of the money collected for federal taxes are used to pay on the national debt. the rest? who knows? watch America freedom to facism by aaron russo.
Did Clinton help get out of debt?
I am not sure what you want to know. There was one 12-month period during Clinton's administration in which the US government took in more money than it spent. I do not believe that the surplus was used to pay down the national debt.
Can money in a savings account be attached to satisfy debt?
Yes. Any money in your savings account is your property and it can be used to pay off any debt that you have.
What is the term used for all of the money borrowed by the government and the interest on the money that is borrowed?
public debt
