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Explain in detail the difference between the United States government's budget deficit versus the national debt.

Explain in detail the difference between the United States government's budget deficit versus the national debt.
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Explain in detail the difference between the United States government's budget deficit versus the national debt.

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User Quantbuff
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1 Answer

8 votes

Answer:

The debt is the total the U.S. government owes—the sums it borrowed to cover last year's deficit and all the deficits in years past.

Step-by-step explanation:

answered
User John Mangual
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