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National Debt

AB
Budget surplusTax revenue is greater than govt. expenses
Budget deficitTax revenue is less than govt. expenses
Balanced budgetTax revenues equal govt. expenses
National DebtThe accumulation of the govt's total debt obligation
Current National DebtApprox. $16.7 trillion
Increase taxesTax revenues go up
Cut expensesPrograms are cut
Interest expenseA charge based on our current debt amount


Business Education
E.O. Smith High School
CT

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