Addressing the United States Debt and Deficit PDF Download

Author: John P. Caraway
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 28

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Book Description
This paper discusses the strategic significance of dealing effectively with the American debt and deficit, by first describing the background of our current government approach to the economy, then examining the current projections for United States' spending from 2009 through 2019 and examining what the future will bring by reviewing anticipated American demographic changes. The paper continues with a description of the passages of the economic labyrinth and concludes by discussing opportunities to successfully address the challenges that have been brought to Americans by the national deficit and debt. While a number of alternatives are available today to address the problem of deficit financing and the associated debt in a positive manner and thereby strengthen the economy of the United States, this paper concludes with three examples that are predicated on the synergistic benefits associated with small reforms.

Author: Simon Johnson
Publisher: Vintage
ISBN: 0307947645
Category : Business & Economics
Languages : en
Pages : 386

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Book Description
From the authors of the national bestseller 13 Bankers, a chilling account of America’s unprecedented debt crisis: how it came to pass, why it threatens to topple the nation as a superpower, and what needs to be done about it. With bracing clarity, White House Burning explains why the national debt matters to your everyday life. Simon Johnson and James Kwak describe how the government has been able to pay off its debt in the past, even after the massive deficits incurred as a result of World War II, and analyze why this is near-impossible today. They closely examine, among other factors, macroeconomic shifts of the 1970s, Reaganism and the rise of conservatism, and demographic changes that led to the growth of major—and extremely popular—social insurance programs. What is unquestionably clear is how recent financial turmoil exacerbated the debt crisis while creating a political climate in which it is even more difficult to solve.

Author: Fouad Sabry
Publisher: One Billion Knowledgeable
ISBN:
Category : Business & Economics
Languages : en
Pages : 480

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Book Description
What is National Debt of The United States The national debt of the United States is the total national debt owed by the federal government of the United States to Treasury security holders. The national debt at any point in time is the face value of the then-outstanding Treasury securities that have been issued by the Treasury and other federal agencies. The terms "national deficit" and "national surplus" usually refer to the federal government budget balance from year to year, not the cumulative amount of debt. In a deficit year the national debt increases as the government needs to borrow funds to finance the deficit, while in a surplus year the debt decreases as more money is received than spent, enabling the government to reduce the debt by buying back some Treasury securities. In general, government debt increases as a result of government spending and decreases from tax or other receipts, both of which fluctuate during the course of a fiscal year. There are two components of gross national debt:"Debt held by the public" such as Treasury securities held by investors outside the federal government, including those held by individuals, corporations, the Federal Reserve, and foreign, state and local governments."Debt held by government accounts" or "intragovernmental debt" is non-marketable Treasury securities held in accounts of programs administered by the federal government, such as the Social Security Trust Fund. Debt held by government accounts represents the cumulative surpluses, including interest earnings, of various government programs that have been invested in Treasury securities. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: National debt of the United States Chapter 2: Social Security Trust Fund Chapter 3: Balanced budget amendment Chapter 4: Military budget of the United States Chapter 5: PAYGO Chapter 6: Fiscal policy of the United States Chapter 7: United States federal budget Chapter 8: 2007 United States federal budget Chapter 9: History of the United States public debt Chapter 10: Economic policy of the George W. Bush administration Chapter 11: 2009 United States federal budget Chapter 12: Financial position of the United States Chapter 13: 2011 United States federal budget Chapter 14: Expenditures in the United States federal budget Chapter 15: 2011 United States debt-ceiling crisis Chapter 16: Political debates about the United States federal budget Chapter 17: Deficit reduction in the United States Chapter 18: 2013 United States budget sequestration Chapter 19: Economic policy of the Donald Trump administration Chapter 20: 2018 United States federal budget Chapter 21: Economic policy of the Joe Biden administration (II) Answering the public top questions about national debt of the united states. (III) Real world examples for the usage of national debt of the united states in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of National Debt of The United States.

Author: Stephanie Kelton
Publisher: PublicAffairs
ISBN: 1541736206
Category : Business & Economics
Languages : en
Pages : 311

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Book Description
A New York Times Bestseller The leading thinker and most visible public advocate of modern monetary theory -- the freshest and most important idea about economics in decades -- delivers a radically different, bold, new understanding for how to build a just and prosperous society. Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country. Kelton busts through the myths that prevent us from taking action: that the federal government should budget like a household, that deficits will harm the next generation, crowd out private investment, and undermine long-term growth, and that entitlements are propelling us toward a grave fiscal crisis. MMT, as Kelton shows, shifts the terrain from narrow budgetary questions to one of broader economic and social benefits. With its important new ways of understanding money, taxes, and the critical role of deficit spending, MMT redefines how to responsibly use our resources so that we can maximize our potential as a society. MMT gives us the power to imagine a new politics and a new economy and move from a narrative of scarcity to one of opportunity.

Author: United States. Congress. Joint Economic Committee
Publisher:
ISBN:
Category : Budget deficits
Languages : en
Pages : 92

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Book Description

Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Budget deficits
Languages : en
Pages : 50

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Book Description
Articles, reports, and books on the federal debt and its effects tend to be complex and technical. As a result, the public frequently misunderstands these issues. For example, people often forget that even if Congress and the President agree to balance the annual budget within the next several years, the federal debt will continue to grow until balance is actually achieved. Although declining deficits and, ultimately, balanced budgets could reduce the debt as a share of the economy, the debt will not decline unless there is a budget surplus. This document responds to frequently asked questions about the federal debt, deficits, and interest rates. GAO organizes these questions into three sections: (1) trends in the federal debt, deficits, and interest; (2) sales and ownership of federal debt; and (3) effects of the federal debt. For readers who are interested in more detailed information on these topics, GAO includes a short bibliography.

Author: Andrew C. Best
Publisher: Andrew Best
ISBN: 1450581668
Category : Business & Economics
Languages : en
Pages : 271

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Book Description
Right of Center America describes where America's federal budget and national debt are today and details how they can be brought under control. This book is not about ideological battles. It is not about the Right vs. Left. It does not rehash the same tired arguments about spending reductions versus tax increases. Instead it provides simple, detailed solutions to reduce the federal budget and national debt. These solutions involve both decreasing some and increasing other federal department's budgets and cutting some and increasing other taxes. Some recommendations you might have heard before, but most are new ideas, especially when dealing with America's biggest challenges.In addition to addressing the federal budget and national debt, Right of Center America also solves the biggest challenges facing America.1) An energy plan that drastically reduces America's dependency on foreign oil AND idles all coal, petroleum, and gas fueled power plants over the next 45 years.2) An education plan ensures EVERY American has access to the best possible education.3) Health Care reform that actually decreases the COST of Health Care by more than 20 percent and provides insurance coverage for those Americans that cannot afford it.4) Economic and tax policy that will spur long-term investment in AMERICAN companies.5) Entitlement reform that GUARANTEES safety-net programs, Social Security, and Medicare benefits.6) A reigning in of defense and foreign policy spending.7) Common sense immigration reform with a secure border and work-to-citizenship visas.8) Election and judicial reform that increase government transparency and turnover.Product Description:How can the U.S. decrease its national debt by 60 percent over the next twenty years while solving the most pressing challenges of today? Many books explain the problems presented by the current U.S. fiscal federal budget crisis, but none provide a comprehensive proposal to correct it. Right of Center America not only details the federal budget, it provides a specific plan that eliminates the federal deficit and reduces the national debt. The book details a strategy of how federal programs should be evaluated and the resulting analysis of this review.Right of Center America shows what America can do when it is fiscally responsible. Detailed, innovative plans are presented that would fix America's biggest challenges. Entitlements are made solvent. Health care costs are reduced and insurance coverage is provided for the poor. Every American is guaranteed the best public education by empowering both the teacher and the parent. Illegal immigration is curtailed. An energy plan is detailed that drastically reduces the use of petroleum and coal over the next 30 years. A fiscally responsible foreign policy is introduced. Common sense economic, tax, election, and judicial reforms are presented.These challenges are solved while reducing the deficit and without massive tax increases. Nowhere else will you find such creative, simple, and feasible solutions. Right of Center America is written for those Americans who are not ideologically tied to a political party. This book focuses on fiscal matters and does not delve into social issues. This biggest problems facing America today, the problems that will cripple the next generation of Americans, are fiscal issues.With a national debt exceeding $13 trillion, an annual federal budget deficit close to $500 billion, and interest payments approaching $500 billion per year, this book is a must read.If you only read one chapter of my book, please read chapter seven. I provide detailed examples on how to reduce the cost of health care by a conservative 21% without the need for federally managed health care system. In fact, my plan would actually result in a reduction of health care costs by more than a third, but I only use worst-case scenarios in my figures. More importantly, I believe this could be a bipartisan plan that both parties could support.

Author: Donald J Marples
Publisher: Independently Published
ISBN: 9781099801877
Category :
Languages : en
Pages : 38

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Book Description
The growth of the national debt, which is considered unsustainable under current policies, continues to be one of the central issues of domestic federal policymaking. Addressing a federal budget deficit that is unsustainable over the long run involves choices. Fundamentally, the issues require deciding what government goods, services, and transfers are worth paying taxes for. Most people would agree that the country benefits from a wide range of government services-air traffic controllers, border security, courts and corrections, and so forth-provided by the federal government. Yet federal government provision of goods and services comprises only a modest portion of the federal budget. Transfers, including interest payments, accounted for around 75% of the federal budget. Central findings of this analysis include the following: A comparatively small share of federal spending is for the direct provision of domestic government goods and services. Transfers and payments to persons and to state and local governments constitute most of federal spending, about 75% of all federal spending. Defense spending, accounting for about 15% of federal spending, has declined as a share of output over the past 35 years, but it also tends to vary depending, in part, on the presence and magnitude of international conflicts. The problem with the debt lies not in the past but in the future, as growth in spending for health and Social Security is projected to continue faster than the economy as a whole. The increase in deficits and debt, in turn, leads to a significant increase in interest payments. Because much of the pressure on future spending arises from imbalances in Social Security and Medicare Part A (Hospital Insurance) trust funds, keeping these funds and their sources of financing intact is a concern that could constrain choices. Preserving entitlements would likely require significant increases in taxes, such as raising rates, reducing tax expenditures, increasing other taxes, or introducing new revenue sources. Reductions in discretionary spending are insufficient to reduce the deficit to a sustainable level, so limiting taxes as a percentage of output or constraining the overall size of the government to current levels would likely require significant cuts in mandatory spending, including entitlement programs such as Social Security, Medicare, and Medicaid. Because the federal government provides about one-fifth of the revenue for state and local governments, cutbacks in transfers to these governments may, in part, shift the burden of providing services from the national to subnational governments rather than altering the overall size of government services.

Author: William G. Gale
Publisher: Oxford University Press
ISBN: 0190645431
Category : Business & Economics
Languages : en
Pages : 256

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Book Description
Keeping the economy strong will require addressing two distinct but related problems. Steadily rising federal debt makes it harder to grow our economy, boost our living standards, respond to wars or recessions, address social needs, and maintain our role as a global leader. At the same time, we have let critical investments lag and left many people behind even as overall prosperity has grown. In Fiscal Therapy, William Gale, a leading authority on how federal tax and budget policy affects the economy, provides a trenchant discussion of the challenges posed by the imbalances between spending and revenue. America is facing a gradual decline as debt accumulates and delay raises the costs of action. But there is hope: fiscal responsibility aligns with both conservative and liberal goals and citizens of all stripes can support the notion of making life better for our children and grandchildren. Gale provides a plan to make the economy and nation stronger, one that controls entitlement spending but preserves and enhances their anti-poverty and social insurance roles, increases public investments on human and physical capital, and raises and reforms taxes to pay for government services in a fair and efficient way. What is needed, he argues, is to balance today's needs against tomorrow's obligations. We face significant fiscal challenges but, if we are wise enough to seize our opportunities, we can strengthen our economy, increase opportunity, reduce inequality, and build better lives for our children and grandchildren. We do not have to kill popular programs or starve government. Indeed, one main goal of fiscal reform is to maintain the vital functions that government provides. We need to act responsibly, pay for the government we want, and shape that government in ways that serve us best.

Author: Dwayne Anderson
Publisher: Estalontech
ISBN:
Category : Business & Economics
Languages : en
Pages : 72

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Book Description
"Countdown to the U.S. Debt Storm: $35 Trillion and Why You Need to Know" In "Countdown to the U.S. Debt Storm: $35 Trillion and Why You Need to Know," author Dwayne Anderson takes readers on an eye-opening journey through the complexities and consequences of the United States' escalating national debt. As the debt surpasses an unprecedented $35 trillion, this timely and critical analysis uncovers the profound impact it has on the economy, individual livelihoods, and the nation's global standing. Anderson begins by providing a historical context, tracing the origins and growth of the national debt through key events and policy decisions. He explores the economic and political dynamics that have shaped the current debt landscape, offering readers a comprehensive understanding of how we arrived at this critical juncture. The book delves into the immediate and long-term economic impacts of the national debt, from rising interest rates and inflation to the potential for a fiscal crisis. Anderson highlights how the debt affects everyday Americans, influencing job security, public services, and the overall cost of living. A crucial part of the narrative focuses on the U.S. dollar's role as the world's primary reserve currency. Anderson examines how the burgeoning debt threatens the dollar's stability, with potential repercussions for international trade and finance. He also explores the broader economic and geopolitical shifts that could result from a weakened U.S. dollar and a heavily indebted America. Through insightful case studies of other nations that have faced similar debt challenges, Anderson identifies valuable lessons and potential solutions. He outlines a multifaceted approach to managing and reducing the national debt, emphasizing the need for balanced fiscal policies, economic growth, and international cooperation. "Countdown to the U.S. Debt Storm" is not just an analysis but a call to action. Anderson urges policymakers, business leaders, and citizens to understand the urgency of addressing the national debt. By implementing comprehensive strategies and fostering a spirit of bipartisanship and cooperation, the United States can navigate this debt storm and secure a stable and prosperous future. This book is a must-read for anyone concerned about the future of the U.S. economy and the well-being of its citizens. It provides clear insights, practical recommendations, and a compelling argument for why everyone needs to be informed and engaged in addressing this critical issue.