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Explain in detail the difference between the United States government's budget deficit versus the national debt.
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Explain in detail the difference between the United States government's budget deficit versus the national debt.

User Quantbuff
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8 votes

Answer:

The debt is the total the U.S. government owes—the sums it borrowed to cover last year's deficit and all the deficits in years past.

Step-by-step explanation:

User John Mangual
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