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The Federal Government spends more money than it collects in taxes. In some cases, such as in wartime, the Federal government needs to spend a lot of money recruiting soldiers and sailors, buying guns and weapons, and conducting the war.
During peacetime, the government should cut spending, but since the 1920s or so, the Federal government has been giving money away to individual citizens as welfare. As welfare has expanded and other government spending has ALSO increased, tax collection hasn't kept up with the spending.
What else can I help you with?
Why was there such a.large public dept?
The public debt can be increased by increased government spending and/or by weak taxation laws, or by weak enforcement of tax laws.
What are the main causes of unethical behaviour in zimbabwean local authorities?
Examples of unethical conduct in the South African public sector are much the same as in other public sector areas. These could be fraud in a public office or embezzlement. Causes of these might be something such as a criminal intent or even just wish to do something that is not allowed.
How does a country in debt make people poor?
It takes their money in order to get out of debt.
What has the author Harry S Mustard written?
Harry S. Mustard has written: 'Government in public health' -- subject(s): Public health 'An introduction to public health' -- subject(s): Public health 'Mustard's introduction to public health' -- subject(s): Public health 'An introduction to public health' -- subject(s): Public Health, Public health
My life is my foe's debt?
i thiink this could probaly be figurative language
Is the total public debt more relevant to an economy than the public debt as percentage of GDP?
The public debt as a percentage of real GDP in the United States is neither particularly high or low relative to such debt percentages in other advanced industrial nations.
Following the Spanish-American War nations in the Caribbean and Central America were deeply in debt to?
European nations
What has the author Vertaul written?
Vertaul. has written: '[Debts of nations, distinguished from the debts of governments' -- subject(s): Debts, Public, Debt, Public Debts
Why did nations form alliances with other nations?
they probably owed them debt or helped them out of debt.
Is Public debt or External debt bigger?
The Public Debt is debt that is owed by the Government of the United States. The External Debt is that is owed to foreign countries. The current Public Debt is $16,738,541,240,281.19 that over 16 Trillion dollars. The external debt is approximately $15,940,978 that is a lot less than the public debt.
What is the public debt?
The public debt is the debt that the United States government owes to other countries.
How is the debt held by the public different from the total public debt?
The debt held by the public refers to the portion of the total public debt that is held by individuals, corporations, and foreign governments. It represents the amount of money that the government owes to these entities. On the other hand, the total public debt includes both the debt held by the public and the debt held by government accounts, such as the Social Security Trust Fund.
Current trends of public debt in India?
trends of public debt in india
What are the Advantages and disadvantages of public debt?
The biggest disadvantage of public debt is the fear of it leading to excessive inflation. The advantage of public debt is the leveraging of public assets to provide services.
When was Ottoman Public Debt Administration created?
Ottoman Public Debt Administration was created in 1881.
What is the deficit always than the public debt?
The deficit is always smaller than the public debt.
List and explain any 5 major causes of public debt in Nigeria?
Basicallay, there are various causes of public debt in Nigeria, among which are as follows: 1. to bridge budget deficit 2. to finance capital and developmental projects 3. to finance short and medium term loans 4. to take care of natural calamities 5. etc
