Deficit Why Should I Care?

Name: Deficit Why Should I Care?
Price: 20.35 USD
Availability: InStock
ISBN: 9781430248392

ISBN-10: 1430248394

ISBN-13: 9781430248392

Edition: 2nd 2012

Authors: Marie Bussing-Burks

List price: $27.99

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At the turn of this century, the AmericanÂ 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 ofDeficits: 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.Â 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 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?Â 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 allÂ concerned about the debt. This quick read will provide an understanding of the ramifications of the rising debt and what the consequences may be.What you’ll learnWhy the debt now could be a problem when people have been crying wolf about it forÂ for the last 40 yearsHow the world economy affects the U.S. debt and deficitWhat the government can do to reduce the debt and the implications—especiallyÂ for 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?Â 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 intoÂ eight need-to-know chapters, each containing the key points necessary for understanding this complex economic issue affecting the economic future of all Americans.Â WhetherÂ you are a businessperson concerned about the economy, a parent anxious about the debt burdenÂ of your children and grandchildren, a retiree fretful about programs like Social Security, or a student who needs additional information to supplement a textbook, this is the book for you.Â The appendix provides a website selection covering government agencies, economic sources, and academic sites to assist you in finding the most up-to-date information on the debt drama.Â

Book details

List price: $27.99
Edition: 2nd
Copyright year: 2012
Publisher: Apress L. P.
Publication date: 10/30/2012
Binding: Paperback
Pages: 156
Size: 7.01" wide x 10.00" long x 0.30" tall
Weight: 0.528
Language: English

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).…