Overview
Deficit: Why Should I Care?
Second Edition) explains the implications of one of the biggest (if not the single biggest) economic concerns of our timeāthe burgeoning $15 trillion American national debt and accompanying record-breaking deficits.
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Table of contents (8 chapters)
About this book
According to the U.S.Ā Treasury Departmentās 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 todayās 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?Ā
- 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 allĀ 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 author
Bibliographic Information
Book Title: Deficit
Book Subtitle: Why Should I Care?
Authors: Marie Bussing-Burks
DOI: https://doi.org/10.1007/978-1-4302-4840-8
Publisher: Apress Berkeley, CA
eBook Packages: Business and Economics, Business and Management (R0), Apress Access Books
Copyright Information: Marie Bussing-Burks 2012
Softcover ISBN: 978-1-4302-4839-2Published: 30 October 2012
eBook ISBN: 978-1-4302-4840-8Published: 03 December 2012
Edition Number: 2
Number of Pages: XIX, 156
Topics: Business and Management, general