What is National Debt?
Let’s learn what is National Debt. The most accurate or helpful solution is served by Personal Finance and Money.
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I am not from USA. I read few articles about the US National debt but still can't get the sense of it. Could you explain it in simple words? I know that it is huge. I can't understand following things: What sort of debt is it? Was it given in US Dollars? If yes, couldn't US gov't just print them? What does it mean that debt is increasing? US gov't getting more money? USA is one of the wealthiest states, why does it have huge debt? Who gave this debt to US? why don't they claim it? and what happens...
Answer:
It is in dollars, but US government can not "print" dollars. That's prerogative of the Federal...
Andrey at Personal Finance and Money Mark as irrelevant Undo
Other solutions
The national debt isn't a deficit, because there can NEVER be a surplus, the debt is meant to rise, it is written in the constitution that the raising of the debt ceiling is without question. Find me your DEBT FREE nation, cmon, any country that has...
Answer:
Yeah, that's why European nations are currently failing. Because they just let their debt, "go...
Chris M at Yahoo! Answers Mark as irrelevant Undo
I'd hate to say it but if there isn't a way to help with the debt then maybe we should consider an additional tax. ( and fire our current president) I think what we need to do is (with out sounding too corny) to focus on our own needs and make peace...
Answer:
Why do you think the gas prices suddenly went sky high? There is NO shortage....no lines, plenty of...
Sun And Sky at Yahoo! Answers Mark as irrelevant Undo
I keep hearing lots of different figures, first I heard it was something ridiculous like $12 Trillion or something, then I read today it was about $189 billion, so what is it exactly? Do the different figures take into account foreign and public debt...
Answer:
According to the Office of National Statistics, the UK's net debt was £893.4 billion at the end...
andy k at Yahoo! Answers Mark as irrelevant Undo
My questions are.. What was the highest national debt record before Obama's record setting term? What was the highest national debt we reached during WWII times? I've been researching this for hours and just can't seem to find the answer without percentage...
Answer:
Google Search "Debt Ceiling". IT's been raised almost every year that we've had a law requiring...
Steven at Yahoo! Answers Mark as irrelevant Undo
Answer:
The Outstanding Public Debt as of 08 Nov 2008 at 08:10:04 PM GMT is: $ 1 0 , 6 3 2 , 4 1 0 , 9 7 3 ...
Anonymous at ChaCha Mark as irrelevant Undo
Answer:
In January 2009 when Obama took office, the national debt was $10,699,804,864,612.13; currently it's...
Deborah S. at ChaCha Mark as irrelevant Undo
Answer:
The Outstanding Public Debt as of Nov 29, 2008 is:$ 1 0 , 6 5 6 , 1 7 8 , 4 2 0 , 7 2 8 .
ChaCha Mark as irrelevant Undo
I was just watching a bit of this documentary called "Maxed Out" and its about credit card debts mostly but it also brought up national debts incurred by the US government. But what exactly is national debt? Who's responsibility is to pay it...
Answer:
The above three answers are closest to answering your question. I'll try not to butcher it here. The...
Vampie at Yahoo! Answers Mark as irrelevant Undo
The national debt is almost 12 TRILLION and the GDP is 13 TRILLION. What happens when the national debt becomes greater than the GDP? http://www.brillig.com/debt_clock/ http://en.wikipedia.org/wiki/United_Stat…
Answer:
The 11.7 trillion debt total is still somewhat misleading with regards to your concerns, as 4.3 trillion...
Grasshop... at Yahoo! Answers Mark as irrelevant Undo
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