Concept information
Preferred term
national debt
Definition
- FROM THE INCEPTION of the United States, the possibility of maintaining a national debt of the federal government on behalf of the American people, owed to domestic and foreign lenders, has been a divisive subject among both politicians and the people. Once that debt was created, so too was the question of how and when to pay it back. [Source: Encyclopedia of U.S. Campaigns, Elections, and Electoral Behavior; National Debt]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/national_debt
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