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American Government  /  Gov 459  ·  Atom · ~20 seconds

ERROR: "The Deficit and the Debt Are the Same"

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The claim that the deficit and the debt are the same is false: the deficit is one year's shortfall; the debt is the accumulation.

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One 2016 snapshot: a deficit above 400 billion dollars, atop a debt near 19 trillion.

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The numbers differ by orders of magnitude — swapping the terms is a huge error.