Are governments of today like irresponsible parents- selling their kids to the slavery of debt?.. by borrowing the necessities of the next generation to spend on the frivolities of today?
Video:
Understanding The Debt Crisis In The U.S.
Uploaded by christophermatar on Feb 10, 2010
The Greek Debt Crisis Explained in Four Minutes
Uploaded by vlogbrothers on Apr 30, 2010
Reference:
Government debt (also known as public debt, national debt) is money (or credit) owed by a central government. In the US, "government debt" may also refer to the debt of a municipal or local government. By contrast, annual "government deficit" refers to the difference between government receipts and spending in a single year, that is, the increase of debt over a particular year. [wiki]
Video:
Understanding The Debt Crisis In The U.S.
Uploaded by christophermatar on Feb 10, 2010
The Greek Debt Crisis Explained in Four Minutes
Uploaded by vlogbrothers on Apr 30, 2010
Reference:
Government debt (also known as public debt, national debt) is money (or credit) owed by a central government. In the US, "government debt" may also refer to the debt of a municipal or local government. By contrast, annual "government deficit" refers to the difference between government receipts and spending in a single year, that is, the increase of debt over a particular year. [wiki]
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23Nov2011: Are governments of today like irresponsible parents- selling their kids to the slavery of debt?
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