Any of several legislative mechanisms that attempt to isolate, or “lock away,” funds of the federal government for purposes such as reducing federal spending, preserving surpluses or protecting the solvency of trust funds.
Frequently Asked Questions: National Debt
- How did the national debt get to be so big?
- What's the difference between the debt and the deficit?
- Why can't the government just print more money to get out of debt?
- How much U.S. debt is owned by foreign countries?
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