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Perhaps the real reason we are letting illegal’s integrate into our society . . . With an aging population as the ‘boomers’ retire, less people in the work force, lower wages, and the scarcity of jobs, our government will need to generate more income. Perhaps government doesn’t want to admit we are in a hole so deep it is impossible to climb out . . . they need taxes to keep this boat afloat.
The federal deficit refers to the federal budget deficit which is simply the difference between the amounts of U.S. expenditures compared to the amount of U.S. tax revenue collected.
The federal or national debt is the amount of money the U.S. Government has borrowed from and owes to lenders.