When they say the deficit is now at x number of dollars...what exactly are they talking about?
Strictly the government bonds that need to be paid back?
limitgov: When they say the deficit is now at x number of dollars...what exactly are they talking about?
Deficit usually refers to "budget deficit", or the difference between actual federal expenditure for the fiscal year and the budget.
The amount of money the government is spending but not collecting.
The fallacies of intellectual communism, a compilation - On the nature of power