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It's also amazing how few people understand the difference between deficit and debt.
by dhimes 18y ago
It's also amazing how few people understand the difference between deficit and debt.
- justindz 18y agoI'm still unclear about the difference between defecit and deficit.
- smanek 18y agoheh, good catch. I freely admit spelling isn't one of my strengths.
- ckinnan 18y agoThe deficit is the annual shortfall...it is the amount added to the national debt in a given year, and that debt is the total amount owed.
- dhimes 18y agoI used to teach at a college, and a lot of my students didn't realize that. Just yesterday I was talking with a vendor, and somehow the talk (mostly his) turned to politics, and he didn't realize it. I think if articles like the one here explained it, more people would have the chance to understand that we're behind that much more every year, and the accumulation now is startling.