Sale!

Deficit Why Should I Care 2nd Edition by Marie Bussing Burks ISBN 1430248394 9781430248392

Original price was: $50.00.Current price is: $35.00.

Deficit Why Should I Care 2nd Edition Marie Bussing-Burks Digital Instant Download

Author(s): Marie Bussing-Burks
ISBN(s): 9781430248392, 1430248394
Edition: 2
File Details: PDF, 7.80 MB
Year: 2012
Language: english
SKU: EB-2626252 Category: Tag:

Deficit Why Should I Care 2nd Edition by Marie Bussing Burks – Ebook PDF Instant Download/Delivery: 1430248394, 9781430248392
Full download Deficit Why Should I Care 2nd Edition after payment

Product details:

ISBN 10: 1430248394 
ISBN 13: 9781430248392
Author: Marie Bussing Burks

At 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 $15 trillion, and the yearly deficit for 2012 is projected at a whopping $1.2 trillion. This new, second edition of Deficits: Why Should I Care? updates all the statistics, charts, and forecasts, while adding a new chapter on how global economies now, for better or worse, affect the U.S. debt and the annual budget deficit. It also includes a new appendix detailing how the U.S. political parties view the debt issue. 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 trend that could leave the U.S. in an economic crisis. Astronomical 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 many economists’ minds are rising deficits and ballooning debt. Others feel fears of the national debt are overblown or pale in comparison to today’s economic problems. This clear, concise book will give you the need-to-know 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 The economic arguments for, and against, accruing a debt Could we become like Greece if we don’t cut our deficit?  The impact of the debt on interest rates and inflation The impact of the debt on the value of the dollar and U.S. economic power This book also answers key questions: Can the government go bankrupt? Why have there seemingly been no 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 concerned about the debt. This quick read will provide an understanding of the ramifications of the rising debt and what the consequences may be.

Deficit Why Should I Care 2nd Table of contents:

CHAPTER 1 Crash Courseon the National Debt
Government-Provided Goods and Services
Financial Management, Government Style
Taxing
Borrowing
Budgeting
Problem Area: Social Security
Problem Areas: Medicare and Medicaid
The Budget Equation: Receipts less Outlays
Deficits and Business Cycles
December 2007 Recession
CHAPTER 2 A Huge Credit Card
History of the Debt
Think Like an Economist
Liberty Bonds
War Bonds
Who Owns the Debt?
Public Debt
Government Debt
Marketable vs. Nonmarketable Obligations
Marketable Securities
Treasury Bills
Treasury Notes and Bonds
Nonmarketable Securities: Savings Bonds
Series EE Savings Bonds
Series EE Savings Bonds
Series I Savings Bonds
Foreign Investors
Interest Payments
Summary
CHAPTER 3 Primer on the Current Global Economy
Our Interconnected World
The Impact of Weakening Economies
Potential Global Recession
Trade Downturns
World Financial Markets
Unresolved Banking Crises
Declining Income and Jobs
Economic Growth Is the Key
CHAPTER 4 Deficit and Debt Projections
Fiscal and Monetary Policy
Macroeconomic Goals of Fiscal Policy
Tools of Fiscal Policy
Taxes
Government Spending
The Multiplier Effect
Discretionary Fiscal Policy
The Supply Siders
Transfer Payments
Progressive Income Taxes
Criticism of Discretionary Fiscal Policy
Time Lags
Political Process
Human Behavior
Crowding Out
History of Fiscal Policies
Great Depression
World War II
Kennedy-Johnson Tax Cut
Economic Stimulus Act of 2008
American Recovery and Reinvestment Act of 2009
Debt-to-GDP Ratio
U.S. Record Debt
Summary
CHAPTER 5 Do Deficits and the Debt Matter?
Recent Deficit Issues
Changing Demographics
Repercussions of Large Deficits
Projected and Historical Trends of Debt
Widespread Concern
CHAPTER 6 Deficits Do Not Matter
Public Goods Are a Priority
Deficit Spending: A Useful Tool During a Crisis
Reasonable Deficit-to-GDP Ratio
Ricardian Equivalence Suggests Deficits Don’t Matter
It Isn’t Necessary to Pay Down the Debt
Treasuries Are a Savings Vehicle
Treasuries Provide a Common Index
Treasuries Are Essential to Monetary Policy
CHAPTER 7 Deficits Do Matter
Foreign Share Expands
Potential Downgrading of U.S. Debt
Global Crisis Illustrates Dangers of High Debt
Exorbitant Interest
Growing Interest Payments
Opportunity Cost High
Crowding Out
Economic Panic
Limited Flexibility in a Crisis
Burden to Future Generations
Promoting Fiscal Irresponsibility
Summary
CHAPTER 8 Get a Handleon the National Debt
The Basic Formula to Curb Deficits
Balance the Budget
Eliminate Pork Projects
Empower States
Debt Ceiling a Useful Tool
Historical Debt Limit
Debt Ceiling Crisis
Limit Makes Us Mindful of the Deficit
Reform Entitlement Programs
Retirement, Health Care, and the Deficit
Challenges Facing Social Security
Conclusions
APPENDIX A Voice Your Opinionon the Debt
Make a Monetary Contribution
Become an Educated Taxpayer
Vote
Contact Your Senator or Congressman
APPENDIX B Websites for Debt and Deficit Information
Government Agencies
Private Organizations
APPENDIX C Political PartyViews of the Debt
Political Parties’ Plans to Reduce the Debt and Deficit
Philosophical Underpinnings

People also search for Deficit Why Should I Care 2nd:

why should i care about the deficit
    
why is the deficit important
    
why should i care about national debt
    
should i always be in a calorie deficit
    
deficit of calories

Tags: Marie Bussing Burks, Deficit