because expenditures exceed revenues, currently by about $1 trillion/year
chicken fingers and fries
1789-1791
The public debt took the greatest percentage of total federal outlay in 1991. During that year, interest payments on the national debt consumed a significant portion of federal expenditures due to high interest rates and increased borrowing. This marked a peak in the relationship between public debt and federal outlays before changes in fiscal policy and economic conditions began to alter that dynamic in subsequent years.
He can try, but to pursue collection after being notified by mail that the debt is no longer valid is a violation of the Federal Fair Debt Collections Practices Act.
Raises the equilibrium level of output and employment.
The Federal Reserve System processes over 89 million checks every year.
1877
It has been estimated that federal regulation costs each household $6000 per year.
I live in Wisconsin and every year our Federal has come first.
The federal tax that brings in the most money every year is the federal income tax. This tax is withheld from any person who is employed.
The House of representatives sit for on average a 3 year term. The senate sits for a two for year terms with half the senate going up in every first federal election and the other half going up in every second federal election.
The legislature redistricts in the year after the federal census The legislature redistricts in the year after the federal census