federal_budget_debt_and_deficit

The Federal Budget, The Debt, and the Deficit

(Topics: The Economy | Back to Home)

What You Need To Know

Congress is the cause of and the solution to all of our challenges with the federal budget, the debt, and the deficit. What citizens need to know is this: in our country, Congress decides who can be taxed and how much, and Congress decides how much money to spend.

And if Congress needs to spend more money than it has, then Congress has to borrow it from somewhere.

(Who actually spends the money? Other parts of the government. But Congress is in control of the money.)


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