The Merriam-Webster dictionary defines “deficit” to mean “a deficiency in amount or quality.” When it comes to the federal budget “deficit,” it’s specifically about the amount of money in the U.S. Treasury.Each year, money comes into the Treasury as revenues from such things as individual and corporate income taxes, payroll ...

In the last couple of years it's become strikingly clear that the majority of people in the United States do not know where or how their federal tax dollars are spent. As a result, they feel disengaged from both the personal and societal impacts of federal spending and believe they ...