Debt vs deficit

[Harpy Eagle]

For all the folks out there that use these words interchangeably, they do not mean the same thing.

The deficit is the difference between how much is collected vs how much is spent.

Debt is the accumulated deficit over time.

As an example right now the nations deficit for the year is about 538 billion dollars while the national debt is 21 trillion dollars.

Learn the difference...for the love of all that is good and just!!


Sent from my iPhone using USMessageBoard.com

 

[MisterBeale]

Either way, both parties and the FED are screwing the nation to hell.

 

[iamwhatiseem]

Either way, both parties and the FED are screwing the nation to hell.

Essentially.
The government is unpoliced. There is no longer any checks and balances as the American public is too busy playing the left vs. right rock throwing contest than to pay any attention whatsoever on what is ACTUALLY important.

 

[RDD_1210]

Words don't have meanings anymore to people who frequent this site.

Debt = deficit
Communism = socialism = marxism
sensible gun legislation = gun confiscation
Dreamers = MS13
Patriot = Someone who hates the FBI and loves Putin

 

[iamwhatiseem]

Words don't have meanings anymore to people who frequent this site.

Debt = deficit
Communism = socialism = marxism
sensible gun legislation = gun confiscation
Dreamers = MS13
Patriot = Someone who hates the FBI and loves Putin

Which are all results of the ongoing rock throwing contest everyone partakes in.
The media, in concert with our wholly corrupt congress and senate, do everything they can to keep it exactly like it is. Otherwise, they couldn't continue the giant wealth extraction that has been going on since the 80's.

 

[Harpy Eagle]

Either way, both parties and the FED are screwing the nation to hell.

No argument from me on that


Sent from my iPhone using USMessageBoard.com

 

[Rustic]

For all the folks out there that use these words interchangeably, they do not mean the same thing.

The deficit is the difference between how much is collected vs how much is spent.

Debt is the accumulated deficit over time.

As an example right now the nations deficit for the year is about 538 billion dollars while the national debt is 21 trillion dollars.

Learn the difference...for the love of all that is good and just!!


Sent from my iPhone using USMessageBoard.com

Not really, deficit is just a name for robbing peter to pay Paul....
Till your out the red, your in debt.

The National debt is north of 225+ trillion dollars, unfunded liabilities such as socialist entitlement programs are debt.

Fuzzy al gore math is not reality...