The national debt is dramatically larger than the federal government budget deficit.

Question

Quizplus · Accepted Answer

The national debt is the total amount of money that the federal government owes to creditors, including individuals, businesses, and foreign governments. It includes all of the accumulated budget deficits, as well as any other borrowing that the government has done over the years. Therefore, the national debt is always much larger than the current budget deficit, which represents only the shortfall between the government's revenues and expenditures in a given year.

The National Debt Is Dramatically Larger Than the Federal Government