US/gov/budget/debt

From Issuepedia
< US‎ | gov(Redirected from US/gov/budget/deficit)
Jump to navigation Jump to search

About

The United States is somewhat legendary for its enormous federal debt, and has been since at least the Reagan administration.

The budget deficit went from a net positive position during the Clinton-Gore administration to unsustainable levels during the Bush-Cheney administration and was then reined in substantially during the Obama-Biden administration.

Subpages

  • /alarmism: why the current deficit levels are not anything to panic about
  • /history: recent history of US federal debt

Terminology

  • A budget deficit is the amount of shortfall between income and spending. Debt increases when there is a budget deficit and decreases when there is a budget surplus.

Links

Reference

Related


to file

Related