What is the relationship between a budget deficit and the national debt?

In simple terms, a budget deficit is the difference between what the federal government spends (called outlays) and what it takes in (called revenue or receipts). The national debt, also known as the public debt, is the result of the federal government borrowing money to cover years and years of budget deficits

Explanation:

for the united states of america, 1945 to 1964 was a time of high economic growth and general prosperity. it was also a time of confrontation as the capitalist united states and its allies politically opposed the soviet union and other communist countries; the cold war had begun.

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