The Constitution divides power vertically between the federal and state governmnents. "Federalism" is the term often used to refer to this vertical division of authority. The federalist structure of the government is much less apparent from the text of the Constitution than is the separation of powers.
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Brief knowledge on constitutional matter.
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To figure out the relationship between the federal deficit and interest rates, you have to remember that federal debt is just one category of all the debt in the economy.
There’s also state and local government debt, not to mention consumer debt and corporate debt. In fact, of all the deb...
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