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Title: National Debt and Budget Deficit

Essay Details

Subject: Business
Author: Steven L
Date: March 2, 2017
Level: University
Grade: A
Length: 2 / 537
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

National debt, on the other hand, is the sum of all previously incurred annual federal deficits. Since the deficits are financed by government borrowing, national debt is equal to all government debt outstanding. Whenever the U.S. has a deficit year, money is borrowed to pay for the deficit. Deficits are not a new concept as far as our nation’s history is concerned...

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National debt, on the other hand, is the sum of all previously incurred annual federal deficits. Since the deficits are financed by government borrowing, national debt is equal to all government debt outstanding. Whenever the U.S. has a deficit year, money is borrowed to pay for the deficit. Deficits are not a new concept as far as our nation’s history is concerned...

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