Dace definition: A dace is a type of fish that lives in rivers and lakes . | Meaning, pronunciation, translations and examples English Dictionary | Thesaurus | Translator | Grammar | Scrabble | Blog English
A budgetary situation when the expenses incurred by the government are over and above the tax revenues taken in. Also called Federal Debt.
Federal deficits and debt have been sharply higher under President Obama, but the evidence continues to show that the Great Recession, President Bushâs tax cuts, and the wars in Afghanistan and Iraq explain most of the deficits that have occurred on Obamaâs watch â based on the latest Congressional Budget Office projections as well as legislation enacted since we last issued this analysis of what lies behind current deficits and debt.