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federal deficit

Ask the taxgirl: Who Owns the US Federal Debt?

28 June 2008

Taxpayer asks:
Hey taxgirl,
I get that we have overspent in Congress. But who do we owe exactly? And what is the difference between the deficit and the debt? I know these aren’t really tax questions but you talk about it on your blog so I thought you might know.
Taxgirl says:
What great questions!
Yep, I [...]

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