0
At its simplest definition, if the government spends more then it gains, in a single year, then it has, what is called a 'budget deficit'. If there is a deficit, it adds to the US debt.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What triggered the periods of growth and decline of the US federal debt?
debt and bankruptcy
What is the purpose of the government debt relief?
There are many reasons that the government provides debt relief. The main reason and purpose behind government debt relief is that people can keep their homes and vehicles.
What is the interest and the total amount of money that the US government has borrowed known as?
The National Debt
What is the main thing about us?
CFD
What is the Supreme Courts main job?
The main job of the Supreme Court is to uphold the US Constitution. It is the highest court in the US and its job is to interpret the meaning of the law.
What cause debt?
The main cause of oxygen debt is extraneous exercises. This will cause aerobic respiration which uses more oxygen causing a deficit.
What causes oxygen debt?
The main cause of oxygen debt is extraneous exercises. This will cause aerobic respiration which uses more oxygen causing a deficit.
What was a main cause of the Great Depression?
Stock Crash- Black Tuesday- People in debt- Bank Panics Etc.
What was the us's debt in 1776?
us federal debt in 1850
What was the US debt in 1776?
us federal debt in 1850
How much US Debt in trillions?
Total US Debt: $14.1 Trillion Debt Held by US Public: $9.49 Trillion Debt held by Foreigners: $4.45 Trillion
What is the relationship between credit debt?
Money and credit is an emotional part of life and just like a relationship it can cause us problems but with debt or spending we need to recognize there is also a problem
What is the relationship between debt and credit?
Money and credit is an emotional part of life and just like a relationship it can cause us problems but with debt or spending we need to recognize there is also a problem
What type of debt does the US have and who is it owed to?
The majority of US debt is actually owed to US citizens.
What is Germany's debt to US?
The Us debt to Germany is 43.3 Billion Dollars.
What is the US national debt?
The US National Debt is nearly $16,963,703,000, or 16.9 trillion dollars.
Is the US in debt?
Yes, currently the USA is in debt and the debt is increasing daily.
