General
History
Causes
Effects
Deficit Reduction
100
It is the total amount of money borrowed by the government.
What is the national debt?
100
The national debt was at its highest during this time.
What is World War II?
100
It lowered tax rates and simplified retirement and qualified plan rules such as for Individual retirement accounts, 401k plans, and pension plans.
What are the Bush Tax Cuts?
100
One of several ways to fund federal programs and reduce the deficit.
What is raising taxes?
100
The act of maintaining low interest rates.
What is interest rate manipulation?
200
An upper limit set on the amount of money that the government may borrow
What is the debt ceiling?
200
The start of the U.S. national debt was at this time.
What is the American Revolutionary War?
200
Like medicare or Obamacare, they are a particularly tempting way for Congress to run up debt.
What are health care entitlements?
200
It's caused by the increased interest rates, and the government not having enough money to stimulate the economy.
What is a weaker job market?
200
Common method of increasing government revenue.
What is raising taxes?
300
The two categories of the national debt.
What are public and private debt?
300
This war added an estimated $5.2 billion to the national debt.
What is the Civil War?
300
They added an estimated $1.3 trillion to the national debt.
What are the wars in Iraq and Afghanistan?
300
It's the relationship shown between economic growth rate and debt.
What is inverse?
300
Method of reducing deficit without raising taxes.
What are spending cuts?
400
The money owed by the government.
What is public debt?
400
The U.S. borrowed money from these countries to fund the American Revolution.
What are France and the Netherlands?
400
They extended jobless benefits and reduced payroll taxes, while adding another $400 billion to the debt.
What are the Obama stimulus packages?
400
A increase in price and decrease in purchasing power caused by the national debt.
What is inflation?
400
Provides money through public spending and gets additional income from businesses/taxpayers.
What are bonds?
500
The money owed by individual people, households, and businesses.
What is private debt?
500
It was followed by a gradual increase in the national debt in the late 20th century.
What is the ending of the gold standard?
500
It has added $300 billion to the debt.
What is medicare?
500
It led to the shutdown of the government in 2013.
What is the Debt Ceiling Crisis of 2013?
500
The forgiving of debt by other countries or handing over of cash.
What is a bailout?
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