Thursday, November 12, 2009

The Gross National Debt

Largest Deficit Ever
It's funny being a blogger. Some days, there seems to be nothing to add and other weeks (such as this one), there is plenty. I just saw this short piece in the Wash Post that the deficit in October is the largest ever at $176 billion. Talking about this brings up so many government concepts, such as when the budget year starts for the federal government (Oct), what is the definition of budget, deficit, where the money comes from and what is the national debt which you can see embedded above this blog entry.

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