Difference between revisions of "National debt of the United States"

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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>
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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==

Revision as of 22:04, July 3, 2007

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. [1]

References

  1. ↑ http://www.treasurydirect.gov/NP/BPDLogin?application=np

Further reading

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