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federal debt is the money we owe as a country and the deficit is how much we owe per year.

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The difference is the federal debt is okay to a certain point, if you pay it back but a deficit is your like way way in debit. LIke you have so much money to pay you don't know what to do.

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Deficit is the amount of money from one year that you owe on. Debt is the total amount of money you owe.

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Federal debt is what they owe already but the deficit is the debt added each year.

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Federal dept is the money owed including all 50 states while the federal deficit is the amount of money all 50 states have to pay back.

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deficit is the difference of money in your budget and what you're actually spending, and debt is what you owe 

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deficit is the difference of money in your budget and what you're actually spending, and debt is what you owe 

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money that we own
money we own per year

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Federal debt is what we owe as a country and deficit is owe per year

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debt is the money they owe

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Taxation is how much money we provide as the people and that may change our debt.

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The more debt we accumulate the high our taxes will be.

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Some people don't pay there taxes and that could be bad or good depending on how much you owe.

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taxation can help pay the deficit, a government would raise taxes to increase revenue.

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taxation can help pay the deficit, a government would raise taxes to increase revenue.

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A government tends to spend more money than it has because the government wants to make better programs or help to grow and accomplish the economy.

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The more debt the higher the interest rates.

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federal debt is what we owe and the deficit is what we owe per year

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The interest rate decides how much taxes we would be paying. If the interest rate is high, goods will be more expensive causing us to pay more.

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The budget deficit is the difference between what the federal government spends and what it takes in . The national debt, also known as the public debt, is the result of the federal government borrowing money to cover years and years of budget deficits.

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government might spend more money than it has when they are fighting a war, this might be a good idea if they know that they can pay back the money.

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government might spend more money than it has when they are fighting a war, this might be a good idea if they know that they can pay back the money.

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The taxes we pay could go towards the deficit and debt but we choose to spend money on other things. If the government needs more money they could tax us more.

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Taxes can help us pay off our debt, so the government can raise taxes in order to increase our surplus

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Taxation allows the government to collect money to help pay off the dept and deficit. A government may lower or raise taxes depending on how long it is taking to pay off the dept.

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interest increases the debt would slow down

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Bank interest rates can differ they go up or down and that can cause a lot of people to go into debit if they don't have a steady rate. When they increase prices may go up or down depending on other finances. Same with decreasing.

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the more debt we have, the higher our taxes are

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To help those who are in need.

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higher interest rate means more debt, lower means less debt

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higher interest rate means more debt, lower means less debt

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It may be needed for something very important. Although the government should spend its money more wisely.

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It may be needed for something very important. Although the government should spend its money more wisely.

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debt is what you owe and deficit is what you owe per year

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our interest rates go up if we have more debt

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Depending on the interest rate, the federal debt and deficit may increase or decrease. When interest rates increase, you are accumulating more money or spending more money and when they decrease, you are not paying enough.

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Tax is government fee and extra money from our debt is tax
government got money from our tax

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Bank interest may be higher or lower due to how high or low the federal dept is. Economy may slow in growth or grow a lot.

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They spend it on something that they think is important but sometimes it is wasted money lol

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They may think by the end of each year or whenever they figure out there money, they might come out even. Like they might come off not in debt. It could be a great idea if they gained all the money back.

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more the debt, the higher the taxes

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when growing the economy or making it better

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The difference is federal debt is the money you pay and the deficit is the amount of money you spend per year.

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Increase national GDP.

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The government spends money they don't have because they think we will find our way out of debt. We spend a lot of money on our armed forces which is okay but we also spend a lot of money on things that really do not matter that much.

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the more debt we have, the higher the interest rates will end up being

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A government may choose to spend more money than it has in a time of crisis or when the government knows the budget can get raised.

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We might pay more tax
It's change our tax that we should pay

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Taxation is what you pay to the government which like a deficit and debt to spend or pay money.

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Because government use money for  develop country.