Respond to the following peer discussion

Hello Dr.Oâ??Neal, an Classmates, The best way to define the difference between a debt and a deficit, is to first try to understand the meaning of a deficit. According to research a deficit is what is â??taken in from taxes and other revenues, called receipts, and the amount of money it spends â??(AARP, 2018 ), and these items are called off-budget. Now on the other hand research states that all a debt is an accumulation of deficit plus accumulated off- budget surpluses (AARP, 2018 ). It is noted that financial planning can play a role in the outcome of a deficit or a debt. An example of debt is how the U.S .owes approximately $21 trillion as of 3/2018. 2/3 is to buyers of U.S. Treasury Bills, bonds and notes (individuals. companies, and foreign governments). 1/3 of it is from intragovernmental debt (Amadeo,2018). An example of a deficit is the proposed FY 2018-19 budget that President Trump released in Feb. 2018. It is shown in this budget that the Federal Government is borrowing/spending money beyond what is available in a budget. Of course we know it is left up to Congress to approve this proposed budget, however it portrays a good example of the U.S. deficit.In my opinion the National Debt got big due to the accumulation of all outstanding debt owed by the Federal government. As of March 15,2018 the National Debt exceeds $21 trillion, in which as mentioned 2/3 is debt held by the public. And the remaining 1/3 is debt the treasury owes to different departments who have government account securities. Social Security is one of the biggest owners along with other trusted funds(Amadeo,2018).ReferencesAARP (2018). Whatâ??s the Difference Between the Debt and Deficit?-AARP. Retrieved from>faqs>whats-the…Amadeo, Kimberly (2018). National Debt- The Balance (The U.S. Debt and How It Got So Big). Retrieved from>the-u-s-de…

Don't use plagiarized sources. Get Your Custom Essay on
Respond to the following peer discussion
Just from $13/Page
Order Essay
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.


Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.


Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.


Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.


Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.

Order your essay today and save 15% with the discount code DISCOUNT15