The National Debt In The United States
The definition of government is the governing body of a nation, state, or community. This definition does not always come to the head of sum of the fellow Americans when asked on whether the government does what its supposed to do and keep the people informed on it ,instead some Americans think the that the government should be more careful with its finances and really take a look at what they are financing in because some don’t think the government is doing what its supposed to do with its finances. I happen to be one of those few Americans that happens to think that the government doesn’t always listen to the people and does some things with the peoples money without advising the people on what its going towards and also let the people have a little more say in what the economic finances of America should be because obviously the united states has been doing something wrong if . My opinion on The
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The national debt is also known as the federal debt is the total of all the budget deficits of the previous year subtracting the surpluses the government has paid off with. A deficit is how the government spends more than it collects in taxes in a single year and how the money the government borrows is added to the debt. A Surplus is how the government spends less than it collects in taxes in a single year ,the extra tax revenue will go toward paying down the debt. I believe that the national debt will never be paid off if the government keeps up whatever its doing because the limit on how much The United States should spend, goes up each year. The United States should lower taxes but at the same time come up with different ways on getting income to go towards paying the national
The national debt is also known as the federal debt is the total of all the budget deficits of the previous year subtracting the surpluses the government has paid off with. A deficit is how the government spends more than it collects in taxes in a single year and how the money the government borrows is added to the debt. A Surplus is how the government spends less than it collects in taxes in a single year ,the extra tax revenue will go toward paying down the debt. I believe that the national debt will never be paid off if the government keeps up whatever its doing because the limit on how much The United States should spend, goes up each year. The United States should lower taxes but at the same time come up with different ways on getting income to go towards paying the national