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Title Deficit : why should I care? / Marie Bussing-Burks.
Imprint [Place of publication not identified] : Apress ; New York : Distributed to the Book trade worldwide by Springer, ©2012.


 Internet  Electronic Book    AVAILABLE
Edition 2nd ed.
Description 1 online resource
Bibliog. Includes bibliographical references and index.
Note Available only to authorized UTEP users.
Print version record.
Subject Debts, Public -- United States.
Budget deficits -- United States.
Deficit financing -- United States.
Government spending policy -- United States.
Fiscal policy -- United States.
United States.
Contents Crash Course on the National Debt -- A Huge Credit Card -- Primer on the Current Global Economy -- Deficit and Debt Projections -- Do Deficits and the Debt Matter? -- Deficits Do Not Matter -- Deficits Do Matter -- Get a Handle on the National Debt.
Summary Annotation At the turn of this century, the Americannational 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 Departments 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 todays 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 debtThe history of U.S debt and its recent unparalleled growth over the yearsHow and why the government borrows moneyThe economic arguments for, and against, accruing a debtCould we become like Greece if we don't cut our deficit?The impact of the debt on interest rates and inflationThe impact of the debt on the value of the dollar and U.S. economic powerThis 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 allconcerned about the debt. This quick read will provide an understanding of the ramifications of the rising debt and what the consequences may be. What youll learnWhy the debt now could be a problem when people have been crying wolf about it forfor the last 40 yearsHow the world economy affects the U.S. debt and deficitWhat the government can do to reduce the debt and the implicationsespeciallyfor such programs as Medicare and Social SecurityThe long-term implications of the debtMethods and tactics for balancing the budgetWhen accruing a debt makes sense and when it does notAction steps for monitoring the debtWho this book is forDeficit: 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 intoeight need-to-know chapters, each containing the key points necessary for understanding this complex economic issue affecting the economic future of all Americans. Whetheryou are a businessperson concerned about the economy, a parent anxious about the debt burdenof your children and grandchildren, a retiree fretful about programs like Social Security, or a student who needs ad
Other Title Print version: Bussing-Burks, Marie. Deficit. [S.l.] : Apress, 2012 1430248394