National Debt

Front

The money that the government borrows and needs to pay back is called ________.

Back

National Debt

Front

The government has to set one of these each year. It is a plan for how they will spend their money

Back

Budget

Front

The US budget is funded by...

Back

Taxes

Front

Which is not an example of something that the federal government spends money on (expense): Social Security, Medicaid/Medicare, Military/Foreign Aid, Georgia Schools?

Back

Georgia Schools

Front

Other than taxes, how can US citizens fund the national budget? Options: Buying government bonds, Tax evasion, Writing a check, By taking advantage of banking programs

Back

Buying government bonds

Front

Who does the government tax?

Back

Individuals and Businesses

Front

How does the government get into debt?

Back

They run too many budget deficits

Front

What is a budget deficit?

Back

When the government goes over budget

Front

What is a budget surplus?

Back

When the government stays under budget

Front

Budget Surpluses do what to the national debt?

Back

Take away from it