The deficit is how much more you’re spending than you’re making, & shows the increase in the debt. A zero deficit keeps the debt the same. Only by changing the deficit to a surplus, like Slick Willy did, reduces the debt. Deficit spending, by individuals & corperations, is what caused the recent banking meltdown.
The deficit is how much more you’re spending than you’re making, & shows the increase in the debt. A zero deficit keeps the debt the same. Only by changing the deficit to a surplus, like Slick Willy did, reduces the debt. Deficit spending, by individuals & corperations, is what caused the recent banking meltdown.