Deficit: Why Should I Care?: National Debt and the Future of U.S. Power and Prosperity by Marie Bussing-Burks (Paperback, 2011)
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- DescriptionAt the turn of this century, the American national debt stood at just under $6 trillion and the deficit at a mere $86 billion. Today, the national debt has topped $14 trillion, and the yearly deficit for 2011 is projected at a whopping $1.4 trillion. According to the U.S. Treasury Department's Annual Report on the Public Debt, the debt is estimated to hit $19.6 trillion by 2015. The federal government has borrowed roughly 40 percent of its total budget for the last several years, a disturbing trend that could leave the U.S. in an ecomic crisis. Astromical interest payments, a debt burden to your children and grandchildren, and an increased reliance on foreign creditors are just a few of the problems. Although the U.S. has experienced soaring unemployment, stagnant production, and a crippled housing market, foremost on ecomists' minds are rising deficits and ballooning debt. Others feel fears of the national debt are overblown or pale in comparison to today's ecomic problems. This clear, concise book will give you the need-to-kw on the debt. You will learn: * How to calculate deficits and the national debt * The history of U.S debt and its recent unparalleled growth over the years * How and why the government borrows money * Methods and tactics for balancing the budget * The ecomic arguments for, and against, accruing a debt * The impact of the debt on interest rates and inflation * The impact of the debt on the value of the dollar and U. S. ecomic power This book also answers key questions: * Can the government go bankrupt? * Why have there seemingly been repurcussions of the large debt to date and is that likely to change? * When the interest on the debt becomes higher than the revenue of the government, what happens? And many more practical insights into the government debt controversy. Business professionals, parents, retirees, and students are all talking about the debt. This quick read will provide an understanding of the ramifications of the rising debt and what the consequences may be. What you'll learn *Why the debt w could be a problem when people have been crying wolf about the debt for for the last 40 years * What the government can do to reduce the debt and the implications--especially for such programs as Medicare and Social Security * The long-term implications of the debt * Methods and tactics for balancing the budget * When accruing a debt makes sense and when it does t * Action steps for monitoring the debt Who this book is for Deficit: Why Should I Care? is written for the busy business professional, concerned parent, retired worker, or student. While academic and theoretical texts on the subject lack brevity, this book will help you understand the seriousness of the debt issue in a clear, concise format. This work has been condensed into seven need-to-kw chapters, each containing the key points necessary for understanding this complex ecomic issue affecting the ecomic future of all Americans. Whether you are a businessperson concerned about the ecomy, a parent anxious about the debt burden of your children and grandchildren, a retiree fretful about programs like Social Security, or a student who needs additional information to supplement a textbook, this is the book for you. The appendix provides a website selection covering government agencies, ecomic sources, and academic sites to assist you in finding the most up-to-date information on the debt drama. Table of Contents Introduction * Crash Course on the National Debt * A Huge Credit Card * Deficit and Debt Projections * Do Deficits and the Debt Matter? * Deficits Do Not Matter * Deficits Do Matter * Get a Handle on Debt Appendix A: Have an Impact on the Debate Appendix B: Websites for Debt and Deficit Information
- Author BiographyMarie Bussing-Burks is an assistant professor of economics at the College of Business of the University of Southern Indiana, where she teaches economics, focusing on microeconomics, macroeconomics, history of economic thought, and money and banking. She holds a master's degree in business administration and a doctorate of arts in economics. Bussing-Burks is the author of The Young Zillionaire's Guide to Taxation and Government Spending (2000), Profit from the Evening News: Using Leading Economic Indicators to Make Smart Money Decisions (2001), Influential Economists (2003), Money for Minors: A Student s Guide to Economics (2008), and Starbucks: Corporations that Changed the World (2009). She has more than 30 newspaper, magazine and journal articles to her credit. Bussing-Burks serves on the boards of the USI Foundation, Evansville Commerce Bank, and St. Mary's Health System.
- Author(s)Marie Bussing-Burks
- Date of Publication19/07/2011
- SubjectFinance & Accounting
- Place of PublicationBerkley
- Country of PublicationUnited States
- Content Note1, black & white illustrations
- Weight222 g
- Width152 mm
- Height229 mm
- Spine8 mm
- Format DetailsTrade paperback (US)
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