The national debt is the total amount owed by the government and should not be confused with the federal budget deficit, the annual amount by which
federal spending exceeds revenue.
Not exact matches
The projected elimination of the
federal government deficit — currently
exceeding $ 30 billion — relies on the assumption of annual GDP growth of 5.6 % while program
spending is held to an average annual growth rate of 2 %.
Taking that difference into account, and even possible reductions in economic activity (mentioned in Avi's answer), do not
exceed projected discretionary
spending in coming
federal budget years.
His three - pronged legislation would set up a «People's Fund» to provide financial support in those
federal races where grassroots candidates face special - interest
spending that
exceeds national averages.
Millions of dollars have already been
spent to diminish this risk, which until recently
exceeded federal guidelines, and the Trump administration last month proposed
spending $ 14 million in 2018 alone to strengthen the building's firewalls and sprinkler systems.
(NaturalHealth365) In 2015, healthcare
spending in the United States reached a jaw - dropping $ 3.2 trillion —
exceeding the
federal spending for national defense, homeland security, education and welfare.
In the 2007 — 08 election cycle, total
spending on state and
federal campaigns, political parties, and ballot measures
exceeded $ 5.8 billion.
According to the account, the Republicans believe «the [Dept. of Education] is trying to reassert
federal control by
exceeding its authority with a rule that would require state and local
spending in low - income schools receiving Title I funds to be equal or greater than non-Title I schools... and force schools to include teacher salaries when measuring
spending between Title I and non-Title I schools...» At the same time, the story notes that «King is facing pressure from civil rights groups who want to ensure the new education law does not deprive low - income students of equal funding.»
In contrast, the
federal government can engage in deficit
spending, enacting
spending bills that
exceed available revenues.
In 2015,
federal spending on suppression
exceeded US$ 2 billion, just 15 years after first
exceeding $ 1 billion.
Total
federal nondefense
spending on research in 2014
exceeded $ 65 billion.)