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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? ...
What is a budget deficit? ... So instead of simply ceasing your spending,, you decide to borrow money, and now you have a deficit or a debt. ... The main causes of this new increase in deficit, is the expenditures on fighting terrorism, a war in Iraq, a recession, and a tax cut. ... As we can see budget deficit is not a new problem that our nation is plagued with.
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. ... An idealistic approach, considering that money for the federal budget comes from taxes and therefore, cutting taxes can not help to bring the budget into a surplus.
Approximate Word count = 932
Approximate Pages = 3.7
(250 words per page double spaced)
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