answer choices:

a. lenders

b. there will be fewer loans available for businesses and individuals

c. government spending and borrowing has increases dramatically

d. the accumulation of budget deficit

e. grandma and grandpa

f. japan

g. public

h. private

i. when the government spends more than it brings in tax revenue in a given year.

j. greece

k. limit on the amount of national debt that can issued by the US Treasury.

l. tax payers

m. the nation may be forced to default on its loans

n. united states

o. they are confident in the government's ability to pay them back.

p. income

questions:

1. What is a budget deficit?

2. What is Debt?

3. Which nation currently has the largest debt

4. In the same way GDP grows every year, our ability to sustain debt grows along with our _______________ .

5. So, who's the biggest recipient of federal dollars?

6. What does a nation need in order to borrow money?

7. Most of the money individuals save is borrowed by the ________________ sector.

8. Why are economist concerned about governments continued borrowing of money?

9. What happens when a country's debt grows so large that people begin to fear they will never get paid if they loan them money?

10. What is the debt ceiling?

11. Why do both American and foreign lenders charge the US government extremely low interest on its loans?

12. According to the video, the projections for long run deficits and debt have been revised downward. What do you think a national crisis like Covid 19 has done to the actual deficit and debt numbers?