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In 2011, the Public Debt Was $617 Billion

question 13

Essay

In 2011, the public debt was $617 billion.Put this number in perspective by relating the debt to GDP, to other countries' debt, to the amount of interest payments on the debt, and to ownership of the debt.


Definitions:

Overtime Pay

Additional compensation required by law or agreement for hours worked beyond the standard workweek.

State Law

Legislation that is enacted by a state's legislative body and applicable within that state, governing matters not reserved to the federal government.

Federal Law

legislation enacted by the national government of a country, which has supremacy over state and local laws where they conflict.

Federal Overtime Pay Requirements

Regulations established by the Federal Government dictating the conditions under which employees are entitled to receive overtime pay, typically based on exceeding a certain number of hours worked per week.

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