National Debt - ShaTasha Harris National Debt Govnt Deficit...

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ShaTasha Harris 3/31/2009 National Debt/ Govn’t Deficit A-P Economics The National Debt is the total amount of money owed by the government; the federal budget deficit is the yearly amount by which spending exceeds revenue. The current national debt as of 31 Mar 2009 at 12:37:40 PM GMT is: $11,059,026,242,375.48 The government is in debt because year after year the government cuts taxes and increases spending. In the short run, the economy and voters benefit from deficit spending. Usually, however, holders of the debt want larger interest payments to compensate for what they perceive as an increasing risk that they won't be repaid. This added interest payment expense usually forces a government to keep debt within reasonable limits. Obama’s Economic Plans I agree that Obama should finance education because eventually people will need a college diploma to obtain a decent job and afford the price of living and still maintain financial stability. More educated people will better our economy and
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  • Spring '07
  • TRANDEL
  • Microeconomics, Deficit, United States Department of Homeland Security, United States Cabinet, Social Security Administration, Department of Agriculture Department of Commerce Department of Education Department of Energy Department of Defense Department of Health and Human Services Department of Labor Department of Justice, Department of Homeland Security Department of Housing and Urban Development Department of Interior Department of State Department of Treasury Department of Veteran Affairs Department of Transportation Environmental Protection Agency, Taxes Excise Taxes

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