Deficit: Why Should I Care?
Apress, Jul 19, 2011 - Business & Economics - 144 pages
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 $14 trillion, and the yearly deficit for 2011 is projected at a whopping $1.4 trillion.
And many more practical insights into the government debt controversy.Business professionals, parents, retirees, and students are all talking 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 learn Why the debt now could be a problem when people have been crying wolf about the debt for for the last 40 years What the government can do to reduce the debt and the implications—especially for such programs as Medicare and Social Security The long-term implications of the debt Methods and tactics for balancing the budget When accruing a debt makes sense and when it does not Action steps for monitoring the debt Who this book is for
Deficit: 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 into seven need-to-know chapters, each containing the key points necessary for understanding this complex economic issue affecting the economic future of all Americans. Whether you are a businessperson concerned about the economy, a parent anxious about the debt burden 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. 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.Table of ContentsIntroduction
Chapter 1: Crash Course on the National Debt
Chapter 2: A Huge Credit Card
Chapter 3: Deficit and Debt Projections
Chapter 4: Do Deficits and the Debt Matter?
Chapter 5: Deficits Do Not Matter
Chapter 6: Deficits Do Matter
Chapter 7: Get a Handle on the National Debt
Appendix A: Voice Your Opinion on the Debt
Appendix B: Web Sites for Debt and Deficit Information