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Budget Deficit
Whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

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last edited by BillSeitz on Sep 1, 2008 12:53 pm

see

the excess of expenses over income (taxes, etc.) for the for a given year.

the cumulative total is known as the [Public Debt] or

http://www.rba.gov.au/Speeches/sp_dg_130203.html#graph3

article links to a graph

1976-2002 http://www.littlepiggy.net/deficit/index.php

[George Akerlof] 2001 interview

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