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National debt of the United States (view source)
Revision as of 22:03, July 3, 2007
, 22:03, July 3, 2007more info
The '''National Debt''' is the amount of money the [[United States]] government owes various [[creditors]] due to [[deficit spending]]. The current national debt is approximately 9 trillion dollars. <ref>http://www.treasurydirect.gov/NP/BPDLogin?application=np</ref>
The '''National Debt''' is the amount of money the [[United States]] government owes various [[creditors]] due to [[deficit spending]]. The current national debt is approximately 9 trillion dollars. <ref>http://www.treasurydirect.gov/NP/BPDLogin?application=np</ref>
Historically, the incursion of national debt has been politically unpopular among presidents ranging from [[Thomas Jefferson]] to [[Franklin Delano Roosevelt]], and many attempts have been made to reduce or eliminate it. Since the [[Ronald Reagan]] administration, however, the [[federal deficit]], and with it the national debt, has skyrocketed.
==References==
==References==