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The Federal Government spends more money than it collects in taxes. In some cases, such as in wartime, the Federal government needs to spend a lot of money recruiting soldiers and sailors, buying guns and weapons, and conducting the war.
During peacetime, the government should cut spending, but since the 1920s or so, the Federal government has been giving money away to individual citizens as welfare. As welfare has expanded and other government spending has ALSO increased, tax collection hasn't kept up with the spending.
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Why was there such a.large public dept?
The public debt can be increased by increased government spending and/or by weak taxation laws, or by weak enforcement of tax laws.
What are the main causes of unethical behaviour in zimbabwean local authorities?
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It takes their money in order to get out of debt.
What has the author Harry S Mustard written?
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What runs by public authority?
Public Housing
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European nations
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Vertaul. has written: '[Debts of nations, distinguished from the debts of governments' -- subject(s): Debts, Public, Debt, Public Debts
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they probably owed them debt or helped them out of debt.
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The public debt is the debt that the United States government owes to other countries.
Current trends of public debt in India?
trends of public debt in india
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The biggest disadvantage of public debt is the fear of it leading to excessive inflation. The advantage of public debt is the leveraging of public assets to provide services.
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The deficit is always smaller than the public debt.
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Ottoman Public Debt Administration was created in 1881.
List and explain any 5 major causes of public debt in Nigeria?
Basicallay, there are various causes of public debt in Nigeria, among which are as follows: 1. to bridge budget deficit 2. to finance capital and developmental projects 3. to finance short and medium term loans 4. to take care of natural calamities 5. etc
How many days to pay off nations debt at a 100 dollars a second?
how many days to pay nations debt at 100 dollars a second
