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What makes up the largest portion of uncontrollable spending in the national budget?
The largest portion of uncontrollable spending in the federal budget is the spending that Congress approves.
Which country had the worlds largest national debt in 1996?
In 1996, Japan had the world's largest national debt.
Who is responsible for creating the national debt?
The National Debt is the responsibility of the government. This debt comes from government spending. This spending is acquired from government programs and foreign aid.
What is money paid to the government called?
The national debt.
What causes national debt?
Government taking money
How did hamilton plan to handle the national debt?
by selling government bonds to fund the debt
What is the relationship between the budget deficit and the national debt?
The budget deficit is the amount by which government spending exceeds revenue in a given year. The national debt is the total amount of money the government owes. The budget deficit contributes to the national debt when the government borrows money to cover the shortfall.
The total amount that a nation's government owes is called?
Debt. The amount the government spends, above and beyond incoming revenue is called a deficit. The accumulated annual deficit spending plus interest is the debt.
How did Alexander hamilton plan to handle the national debt?
by selling government bonds to fund the debt
When the government runs a budget deficit it increases the what?
national debt
What is public and national debt?
Public debt is the money owed by any one branch of the government. National debt is the money owed by all the branches of government.
What 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.
