Debt trap/Definition: Difference between revisions

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imported>Nick Gardner
m (New page: <noinclude>{{Subpages}}</noinclude> the situation in which ''national debt'' continues to grow faster than national income so that more and more of the government’s budget has to be devo...)
 
imported>Nick Gardner
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<noinclude>{{Subpages}}</noinclude>
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the situation in which ''national debt'' continues to grow faster than national income so that more and more of the government’s budget has to be devoted to interest payments.
the situation in which the [[national debt]] continues to grow faster than national income so that more and more of the government’s budget has to be devoted to interest payments.

Latest revision as of 06:32, 5 February 2010

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Debt trap [r]: the situation in which the national debt continues to grow faster than national income so that more and more of the government’s budget has to be devoted to interest payments.