en the Federal deficit and Federal Debt? How does a government budget deficit affect the economy, specifically the unemployment rate and job creation?...

What are the differences between the Federal deficit and Federal Debt? How does a government budget deficit affect the economy, specifically the unemployment rate and job creation? Identify two periods in recent history in which the United States has run budget deficits. What were the reasons for the deficits during those time periods? Did it help or hinder job creation?