What is that?
The Debt Ceiling is ___.
What is the maximum amount of money that the government is authorized to borrow?
Current National Debt
What is $34.55 trillion? (3/18/2024)
How did national debt get so big ?
Several factors such as federal budget deficits, historical events, and debt to GDP ratio
Top three foreign countries that hold U.S. debt.
Japan,China,U.K.
What impact does national debt have?
Many impacts such as lower net income, increased inflation, higher taxes.
Taxes are
What is money that the government collects from its citizens?
Income taxes collected from taxpayers in 2023
What is $2.18 trillion?
Largest Fiscal Year budget deficit
What is $3.13 trillion? (2020 - COVID and mandated shutdowns)
Current Debt-to-GDP ratio
What is 123%?
The government will most likely to _______ to pay off the debt quicker.
What are taxes?
Gross Domestic Product
What is a measure of a country's economic health by calculating the total market value of products and services in that country?
2023 Government Revenue
When the national debt began
What is the Revolutionary War?
America's debt-to-GDP % rank worldwide.
What is 4th?
- Japan, Greece and Italy are ahead
How much has national debt increased in recent years?
National debt has grown by $25.73 trillion since 1993.
The National Budget
What is a projection of the government's revenues and spending for the fiscal year?
2023 budget deficit
What is $1.7 trillion?
- 23.2% increase
Borrowed money source
What are marketable securities that the government sells to other nations?
The U.S. borrowed money from them to fund the revolutionary war.
What are France and the Netherlands.
Congressional Budget Office projects that between 2025 and 2034, the U.S. government will
What is have trillion dollar deficits each year, resulting in a combined $20 trillion deficit?
Top 5 spending categories in 2024 so far
What are Social Security, Health benefits, National Defense, Medicare, and the Net interest payment on the current debt?
In 2023, the U.S. Government Spent
What is $6.13 trillion?
Since 1960, the U.S. Congress has raised the debt ceiling _____.
What is 78 times?
America's National debt ranking
What is 1st?
America owes more than China, Japan, France and Italy combined
If the debt continues to grow, this will mean
What are fewer economic opportunities, fewer investments and lower real GDP?