1. Federal Budget Deficit
The Federal Budget Deficit How in just a few years can the federal budget go from a surplus, to over six trillion dollars in debt? ... The federal deficit is called the gross federal debt and consists of two factors, the public debt, and the money the government owes itself. "The public debt is the value of all the federal securities that have been sold to the public and are still outstanding; it represents the governments past borrowing from the public to finance past deficits less past surpluses that have been used to retire the public debt." ... How can the government balance th...
- Word Count: 940
- Approx Pages: 4
- Grade Level: High School