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National Debt

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A	B
Budget surplus	Tax revenue is greater than govt. expenses
Budget deficit	Tax revenue is less than govt. expenses
Balanced budget	Tax revenues equal govt. expenses
National Debt	The accumulation of the govt's total debt obligation
Current National Debt	Approx. $16.7 trillion
Increase taxes	Tax revenues go up
Cut expenses	Programs are cut
Interest expense	A charge based on our current debt amount

Jeremy Lapointe

CT

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