CSPAN3 Marc July 3, 2024
Here to talk about federal spending. Mark goldman, lets begin with defining deficit versus debt. The deficit is how much we borrow each year. The debt is how much we owe. It is for some of all of our past deficits. If we think about a credit card, the deficit is how much you have added to the credit card bill in 2023. The debt is how much you owe total. Where we are right now and 2023 without deficit . There is different ways to measure it. People like to talk about 33 trillion. I like to look at debt held by the public as a share of the economy. The bigger the income, the more debt that you c...