Debt, Deficit, and Democracy

By Chloe Peach

Debt

Debt is "The total outstanding borrowings of a central government comprising internal... and external debt incurred in financing its expenditure." The current U.S. debt is over 19 trillion dollars.
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"What Is The National Debt? Definition And Meaning". 2016.Businessdictionary.Com. Accessed May 5 2016.


" Lifting The Ceiling On America’S National Debt? -- The Ipinions Journal". 2011. Theipinionsjournal.Com. Accessed May 2 2016.

Deficit

Deficit is usually defined as "government spending, rather than business or individual spending." The American national deficit is expected to rise 1 trillion dollars by the end of 2016.
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"Budget Deficit Definition | Investopedia". 2010. Investopedia. Accessed May 5 2016


"Debt…Deficit…Doubt…Disaster? / Framing The Dialogue". 2009.Framingthedialogue.Com. Accessed May 2 2016.

Democracy

Politics vs. Economics: the choice every government official in charge of money has to face. The mixing of the two can be incredibly tricky, and the President often takes the heat for whatever choice he makes. Example:


"Politicians meddling with the economy creates so many disasters."


Below is a comic of President Bush, criticizing his economic decisions during his presidency.

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Economics, Politics. 2011. "What On Earth?: Politics Vs. Economics".Bcfoley.Blogspot.Com. Accessed May 6 2016.


Man, the. 2010. "The Future Cost Of The Bush Tax Cuts | CPS News". Common Peoples Source For News. Accessed May 2016.