CategoryU.S. Budgets Real or Imagined

What’s the Difference Between the Budget Deficit and the National Debt?

The amateur economist raising taxes

With the political battles raging in America, terms such as the budget deficit and the debt are in the news. Of all terms used, there is confusion between the budget deficit and the U.S. debt. What is the difference? U.S. Budget Deficit Often the terms are used together, separately and confused – by both reporters and those that should know better. The terms are also used, unfortunately, to confuse and either glorify or criticize certain politicians or political parties. Before […]

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