1. The National Debt and Deficits
By: Ben Quick

2. The National Debt
Is the amount of debt owed by the United States Federal government to creditors who hold government securities (Treasury Notes, bonds, etc...)
As of September 2007, the total U.S. National debt was $5.6 trillion
As of September 2015, the total U.S. National Debt was over $18 trillion

3. What creates the Debt Government deficits (Deficit spending)
- The government spending more money than it has(in excess of revenues).
In other words, the government spends more than it collects in taxes. Each year the government does this, it increases the national debt.

4. Why would the government do this?
Politics – politicians want to keep taxes low so that they can get reelected, but at the same time they like to make voters happy by spending more
Fiscal Policy – sometimes the government needs to cut taxes and increase spending to create economic growth

5. Questions?