After the approval of the House, the Senate then approves the bill or makes its own. They compromise until they have legislation they agree on, and sent to the President for approval. |
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If the government spends more |
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| If the government spends more than the revenue, a deficit is created, | |
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| and if the spending is less, a surplus iis created. | |
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| As a result of so many deficits over the years, the US has created something called the National debt. This impacts the economy in several (often bad) ways. | |
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