{"product_id":"9781430236597","title":"Deficit: Why Should I Care?","description":"\u003ch1\u003eDeficit: Why Should I Care?\u003c\/h1\u003e \u003ch2\u003eBussing-Burks, Marie\u003c\/h2\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\n\u003c\/p\u003e\u003cp\u003e\nAccording 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\n\u003c\/p\u003e\u003cp\u003e\nThis clear, concise book will give you the need-to-know on the debt. You will learn:\u003c\/p\u003e\u003cp\u003e\n\u003c\/p\u003e\u003cul\u003e\n \u003cli\u003eHow to calculate deficits and the national debt \u003c\/li\u003e\n \u003cli\u003eThe history of U.S debt and its recent unparalleled growth over the years \u003c\/li\u003e\n \u003cli\u003eHow and why the government borrows money \u003c\/li\u003e\n \u003cli\u003eMethods and tactics for balancing the budget \u003c\/li\u003e\n \u003cli\u003eThe economic arguments for, and against, accruing a debt \u003c\/li\u003e\n \u003cli\u003eThe impact of the debt on interest rates and inflation \u003c\/li\u003e\n \u003cli\u003eThe impact of the debt on the value of the dollar and U.S. economic power \u003c\/li\u003e\n\u003c\/ul\u003e\nThis book also answers key questions:\u003cp\u003e\n\u003c\/p\u003e\u003cul\u003e\n \u003cli\u003eCan the government go bankrupt? \u003c\/li\u003e\n \u003cli\u003eWhy have there seemingly been no repurcussions of the large debt to date and is that likely to change? \u003c\/li\u003e\n \u003cli\u003eWhen the interest on the debt becomes higher than the revenue of the government, what happens? \u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eAnd many more practical insights into the government debt controversy. \u003c\/p\u003e\nBusinessprofessionals, 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. \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Apress\u003c\/p\u003e \u003cp\u003ePublication Date: 2011-07-19\u003c\/p\u003e \u003cp\u003eFormat: Paperback\u003c\/p\u003e \u003cp\u003eISBN-13: 9781430236597\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-1-4302-3660-3\u003c\/p\u003e \u003cp\u003eDimensions: 229cm x152cm\u003c\/p\u003e \u003cp\u003ePages: 144\u003c\/p\u003e ","brand":"Apress","offers":[{"title":"Default Title","offer_id":47401226961036,"sku":"9781430236597","price":25.19,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9781430236597.jpg?v=1775790118","url":"https:\/\/lateknightbooks.com\/products\/9781430236597","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}