Deficit

Why Should I Care?

Authors: Bussing-Burks, Marie

  • Deficit: Why Should I Care? (Second Edition) explains the implications of one of the biggest (if not the single biggest) economic concerns of our time—the burgeoning $15 trillion American national debt and accompanying record-breaking deficits.

Buy this book

eBook $14.99
price for USA
  • ISBN 978-1-4302-4840-8
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Download immediately after purchase
Softcover $19.99
price for USA
  • ISBN 978-1-4302-4839-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

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.

About the authors

Marie 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.

Table of contents (8 chapters)

  • Crash Course on the National Debt

    Bussing-Burks, Marie

    Pages 1-14

  • A Huge Credit Card

    Bussing-Burks, Marie

    Pages 15-30

  • Primer on the Current Global Economy

    Bussing-Burks, Marie

    Pages 31-39

  • Deficit and Debt Projections

    Bussing-Burks, Marie

    Pages 41-58

  • Do Deficits and the Debt Matter?

    Bussing-Burks, Marie

    Pages 59-65

Buy this book

eBook $14.99
price for USA
  • ISBN 978-1-4302-4840-8
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Download immediately after purchase
Softcover $19.99
price for USA
  • ISBN 978-1-4302-4839-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.

Services for this book

Loading...

Bibliographic Information

Bibliographic Information
Book Title
Deficit
Book Subtitle
Why Should I Care?
Authors
Copyright
2012
Publisher
Apress
Copyright Holder
Marie Bussing-Burks
eBook ISBN
978-1-4302-4840-8
DOI
10.1007/978-1-4302-4840-8
Softcover ISBN
978-1-4302-4839-2
Edition Number
2
Number of Pages
XIX, 156
Topics