What is the National Debt

What You Need to Know About the Debt Ceiling - Fair Observer

This article is on the page FiscalData of Treasury.gov, the website of the US Treasury.

It explains every thing you need to know about the National Debt (or National Deficit). Very good economic lesson. Though it talks about the US Federal government, it is very much true to all governments of the world as far as economic principles and fiscal policies are concern.

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