The U.S. National Debt Explained in 1 Minute | Up To Us
Автор: Up To Us
Загружено: 2020-08-11
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What is the U.S. National Debt? How did we get to $30.2 Trillion and why should we care?
The national debt is the debt that the federal government holds - this includes public debt, federal trust funds, and various government accounts. In simpler terms, the national debt includes both what the government owes others and owes itself. This is the total amount of deficit that the government has accumulated over the years.
Since the national debt is the amount of debt that the government owes its creditors, it continues to grow because of the United States’ funding of programs and various sectors of the government.
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