{"product_id":"deficit-why-should-i-care-9781430236597","title":"Deficit: Why Should I Care?","description":"\u003cp\u003e • Author(s): Marie Bussing-Burks\u003cbr\u003e • Publisher: Apress\u003cbr\u003e • Publisher Imprint: Apress\u003cbr\u003e • BISAC: Economics - Macroeconomics\u003c\/p\u003e\u003cp\u003eAt 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. \u003c\/p\u003e\u003cp\u003e According to the U.S. Treasury Department's \u003cem\u003eAnnual Report on the Public Debt\u003c\/em\u003e, 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 disturbing 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 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. \u003c\/p\u003e\u003cp\u003e This clear, concise book will give you the need-to-know on the debt. You will learn: \u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cul\u003e \u003cli\u003eHow to calculate deficits and the national debt \u003c\/li\u003e \u003cli\u003eThe history of U.S debt and its recent unparalleled growth over the years \u003c\/li\u003e \u003cli\u003eHow and why the government borrows money \u003c\/li\u003e \u003cli\u003eMethods and tactics for balancing the budget \u003c\/li\u003e \u003cli\u003eThe economic arguments for, and against, accruing a debt \u003c\/li\u003e \u003cli\u003eThe impact of the debt on interest rates and inflation \u003c\/li\u003e \u003cli\u003eThe impact of the debt on the value of the dollar and U.S. economic power \u003c\/li\u003e \u003c\/ul\u003e This book also answers key questions: \u003cp\u003e \u003c\/p\u003e\u003cul\u003e \u003cli\u003eCan the government go bankrupt? \u003c\/li\u003e \u003cli\u003eWhy have there seemingly been no repurcussions of the large debt to date and is that likely to change? \u003c\/li\u003e \u003cli\u003eWhen the interest on the debt becomes higher than the revenue of the government, what happens? \u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eAnd many more practical insights into the government debt controversy. \u003c\/p\u003e Businessprofessionals, 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.","brand":"Apress","offers":[{"title":"Paperback","offer_id":45127491387543,"sku":"9781430236597","price":2056.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9781430236597.webp?v=1767279567","url":"https:\/\/atlanticbooks.com\/products\/deficit-why-should-i-care-9781430236597","provider":"Atlantic Books","version":"1.0","type":"link"}