CONSERVATIVES ONLY! What is the difference between national debt, and the deficit? Is National Debt good?

The deficit is the amount of debt acquired each year. The debt is the total of each year's deficit. Example: You have 100 dollars to spend, and you spend $150.

You ran a deficit of $50. After doing the same thing for 10 years, you have $500 in debt. The difference is very important in politics.

The debt is always going up, up, up, but sometimes politicians will brag that they lowered the deficit (or even reversed the deficit, resulting in a surplus of money, as under the Republican Congress when Clinton was president), but while that is a good thing to do, it has no impact on the massive debt unless some of that surplus is devoted to paying the debt off.

National deficit=budget deficit means the tax revenue is smaller than government spending. If the deficit is financed by borrowing, it will become national debts. But the government might sell gold reserves to finance the deficit.

In this case, the deficit is not equal to debt.

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