Most people don't know the difference between the deficit and the National Debt, do you?

Anonymous2009-06-11T09:42:50Z

Favorite Answer

A budget deficit is when a government spends more than it takes in in revenue.

National debt is the amount of bonds and obligations held by debt holders in and outside of a country.

01

sumbumblebee2009-06-11T09:24:01Z

Yes. But don't let "most" people get you down. In my experience, there are a whole lot of not-so-bright people in this world. The next time someone tries to argue with you about National Debt versus The Trade Deficit, but obviously uses the terms interchangeably, just smile and nod and hope they don't reproduce. ;0)

00

Anonymous2009-06-11T09:19:41Z

Yes, but I'm smarter than the average bear

10

rjs2009-06-11T12:03:18Z

http://usdebtclock.org/

01

Anonymous2009-06-11T09:20:17Z

yes, do you?

10

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