Tag : government spending

Deficit, National Debt: What’s the Difference?

Debt ceiling, deficit, national debt, financial crisis—lately these words have been thrown around carelessly by everyone from congressional leaders to your grandmother. The current situation in the United States has everyone talking, but are they really listening (and understanding) the words they are regurgitating? “Deficit,” “national debt” and “debt ceiling,” have been reeled off so..

America: Shattering Debt Ceilings and Dreams

Our country is in debt, have you heard? Actually, we are so financially overdrawn we’ve blasted straight through that glass ceiling of our $14.29 trillion dollar limit 24 days ago and we keep soaring higher. And as it turns out, some people have noticed. Recently, Standard and Poor’s took our “stable” fiscal title and threw..