1 results for 'budget deficits'
Michael’s Personal Notes:
The U.S. national debt has increased significantly over the last few years, especially after the credit crisis struck the U.S. economy.
To stop the economy from totally collapsing, the U.S. government incurred several trillion-dollar budget deficits in a row as it spent to revive the economy. As yearly budget deficits piled on, the U.S. national debt rose. Today, the U.S. economy has the biggest debt in monetary terms than any other country in the global economy. In fact, if you add together the national debt of Greece, Spain,... (more)
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