Just the Facts: Debt and Deficit
Posted by
Randy
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August 18, 2009
Record Debt:
Increase in the Last Month:
Increase Since the Democrats Took Control of Congress:
Foreign Ownership of U.S. Debt:
What’s the Difference between Debt and Deficit? National Debt: The net amount of accumulated dollars that have been borrowed by the federal government in all previous years.
Federal Deficit: The difference between what the government spends and what it receives in one year. Each year's deficit is added to the existing debt.
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