People say that the government has a debt problem. But debt is an effect. The cause is deficits. Every time the government runs a deficit, the debt increases. If the debt is like the outstanding balance on the government’s credit card, the deficit is the extra amount the government charges on its card each year.
In 2011 the Federal Government received a total of $2.2 trillion from all taxes, fees, and other revenue sources, and spent $3.8 trillion. To put the federal budget in perspective, let’s see how long it takes the government to run out of money and how much the government needs to cut to make it through
SPEAKER 1: Government debt crisis, austerity measures, defaults, bail-outs– these topics have dominated the world economy in recent years. They have led people to take to the streets, forced governments to step down, and brought world leaders together in search of workable solutions. Understanding debt sustainability is key to solving these issues. But what is
According to the White House Office of Management and Budget, the federal government collected $2.2 trillion in 2011. That includes revenue from all sources: income taxes, payroll taxes, corporate taxes, excise taxes, estate taxes, tariffs, and all other sorts of taxes and fees. Also in 2011, the federal government spent $3.8 trillion and was $14.6
hey guys welcome back we're gonna learn how to account for a non interest very note otherwise known as a zero interest bearing notes receivable and I'm gonna try to cut down on my use of the word actually as it's been excessive in the past few tutorials so I'm going to definitely try to