national debt- total amount of money the federal government has arrowed and has yet to pay back. the national debt is how much the economy//government//we owe back. yet will still be paid.
federal deficit- a short fall between the amount of revenue the government takes in and the amount it spends. federal deficit will not be paid back. but the amount of money the economy//government//we owe. they will never see the money because it just keeps getting spent.
the debt is 15 trillion the defict is what they need to break even
Yes, national healthcare simply increase the federal deficit. I guess that that's just reality
The federal deficit refers to the difference between the government's expenditures and its revenues over a specific period, usually a fiscal year. When the government spends more money than it receives through taxes and other income, it incurs a deficit, which must be financed through borrowing. The accumulated deficits over time contribute to the national debt. A persistent federal deficit can raise concerns about fiscal sustainability and economic stability.
A budget deficit can lead to more borrowing thereby impacting on the national debt
Describe the relationship between demand-side economics and the federal budget deficit.
The United States had a federal surplus in 1998. There was a surplus until 2001, but after 2001, the country has had a national deficit.
The difference, on a yearly basis, between the budget (expenses) for the federal government of the United States and revenues (income). When the expenses are more than the income, the difference is called the deficit. When the income is more than the expenses, the difference is called a surplus.
A national holiday is a day recognized and celebrated by the entire country, while a federal holiday is a day designated by the government for federal employees to have a day off work.
Federal a national budget with funds to support the military, and federal programs. The state budget is only for that state.
The federal deficit is in the trillions of dollars and has been for awhile. As of April 2014, the deficit is at $17,555,437,713,940.
The federal deficit is in the trillions of dollars and has been for awhile. As of April 2014, the deficit is at $17,555,437,713,940.
The difference, on a yearly basis, between the budget (expenses) for the federal government of the United States and revenues (income). When the expenses are more than the income, the difference is called the deficit. When the income is more than the expenses, the difference is called a surplus.