Dec
12
2011
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What's the difference between government debt and a government's deficit?

debt-spiralThe terms deficit and debt are sometimes used loosely by politicians. It may even be politically expedient to use the terms sloppily. If a government spends less than its income, the government is said to operating at (or “running”) a surplus. If a government spends more than it receives, it is running a deficit. If [&hel[more...]

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