NATIONAL DEBT - US National Debt. The national debt of a country is a sensitive issue. Some people believe that, as consumer debt, the debt to be repaid immediately. Others believe that while the country has the ability to repay debt and pay interest, a country can lead to debt.
Specifically, the national debt is best explained as the sum of national deficits of a country. The deficit is the deficit of a country has at the end of a fiscal year. For example, if a country takes three billion dollars in taxes a year, but spends four billion dollars in the same year, leading to a deficit of one billion dollars for the year (three billion least four thousand million or a billion). If not start with debt and led to a national deficit of one billion dollars over five years would have a debt of five billion dollars.
The U.S. national debthas been raised in the news increasingly common in recent years as a result of expenses increasing faster than the previous U.S. presidents. Has grown at an unprecedented rate during the administrations of Presidents George W. Bush and Barack Obama. Much of the spending was related to the wars in Iraq and Afghanistan and economic stimulus initiatives in the wake of the global recession.
The U.S. national debt has achieved some important milestones in recent years. It recently surpassed $ 12 trillion. Before that, the debt became too large to fit in the national debt clock in Times Square famous. The clock had to be temporarily modified to complete the number. It will be rebuilt to accommodate the largest number in the near future. Also important is the fact that the U.S. debt is expected to increase to 16.2 billion in 2012. While it may seem a random number, it is not. It is important because it means that the U.S. debt end of 2012 is equal to the expected gross domestic product (GDP) by 2012.
