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Entry: Making Sense of the Federal Deficit and Debt

VerbHammer has Making Sense of the Federal Deficit and Debt:

Do you understand the National Debt? Do you know the relationship between the debt and the budget deficit? It's understandable that many people don't understand these things, since so many people live in fear of their own finances. But in an election year, it is a breakdown in Democracy that so many people don't understand these terms, and don't know the history of them. The Republican and Democratic parties both have candidates with strong feelings about public debt, and public spending. If we don't understand the finances of the government, we will be forced to "take their word for it." This is so un-American that it behooves us to educate ourselves.