Budget Deficit--The amount by which government spending exceeds government revenues
National Debt--The sum of all previously incurred annual federal deficits
2006-07-11 15:26:23 · 7 answers · asked by Boo R 2 in Politics & Government ➔ Politics
Deficit is one year.
Debt is all years.
2006-07-11 15:27:05 · update #1
Okay smarty. My point is the R's are soooo proud of their W for lowering the deficit because too many of them don't understand that the Debt is continuing to grow.
2006-07-11 15:33:44 · update #2
People not only confuse the national debt as the amount of money the federal government owes as a result of a budgetary deficit, they also try to throw in all debt owed by Americans such as credit card bills and mortgages.
It is something most people do not know, that most people don't care about, but the politicians understand this and use that to their advantage.
2006-07-12 00:17:17 · answer #1 · answered by e1war 3 · 0⤊ 0⤋
National Debt is what we owe the service men and women who risk their lives so we can act like children on Y!A.
Budget Deficit is what happens when my wife goes shopping.
2006-07-11 15:41:45 · answer #2 · answered by SPLATT 7 · 0⤊ 0⤋
Best answer is if you know the answer why do you ask, you are 100% correct though if all you want is validation
2006-07-11 15:33:17 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I clicked here to answer your question, but you already knew the answer. You just wasted my time.
Give me ten points!
2006-07-11 15:30:47 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Splatt, you are awesome! I'm voting for yours.
2006-07-11 16:03:37 · answer #5 · answered by libertyu9 2 · 0⤊ 0⤋
thank you for enlightening me.is class dismissed now?
2006-07-11 15:30:18 · answer #6 · answered by Anonymous · 0⤊ 0⤋
If you already know, why did you ask?
2006-07-11 15:29:04 · answer #7 · answered by arvis3 4 · 0⤊ 0⤋