Generally speaking, you do not need to keep the following in a safe deposit box: income tax returns, education records, employment records, bankbooks, social security cards, guarantees, and burial instructions. Keeping Tax Records. But you don't have to keep everything for tax purposes.
Definition of Deficit and Debt. 1  Deficit relies to the annual borrowing requirement of the government. 2  Debt related to the total level of public sector debt built over previous years. 3  In 2010/11 UK public sector deficit is forecast to be around Â£149bn of or 12% of GDP.
By Patrick J. Buchanan. On Sept. 30, the end of fiscal year 2016, the national debt is projected to reach $19.3 trillion. With spending on the four biggest budget items â Medicare, Medicaid, Social Security, defense â rising, and GDP growing at 1 percent, future deficits will exceed this year's projected $600 billion.