Ford What is Debt As per Websters httpwwwmerriamwebstercomdictionarydebt Something owed such as Money goods Services An obligation or liability to pay someone Is this honestly what we think of when thinking about debt individuals US Globally ID: 652259
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Slide1
Debt
Cory H
Roxanne M
Tuesdee
FordSlide2
What is Debt???
As per
Webster's
(http://www.merriam-webster.com/dictionary/debt)Something owed such as;Money goodsServicesAn “obligation” or liability to pay someoneIs this honestly what we think of when thinking about debt? (individuals, US, Globally?)
You Tube VideoSlide3
How long has debt been around?
Not a clear timeline for individuals or government entities
Use debt to describe cost in
WarNatural DisastersRampages of individualsFlagrant spending by political individualsSlide4
Political Consequences?
War
Political infighting
Effects of the people who are governedSlide5
San Antonio Debt IssuesSlide6
Texas Debt IssuesSlide7
United States Debt Issues
Debt is more than 16 trillion
Congress Demanding cuts!!
Spending > Money taken inSS problem since 1970s Debt CeilingBudget Control Act 2011U.S. National Debt Clock : Real TimeSlide8
United States Debt Issues
Current Administration VS Prior
US Government borrows 40 Cents of every $1 you spend
Emergency spending with capsSlide9
Global Debt Issues
Credit reporting is downgraded
China
EuropeEven the United StatesDeveloped Countries VS Underdeveloped CountriesPanicBlaming GameSlide10
Who Suffers?
EVERYONE!!!
Individuals
Families@ United StatesSlide11
Who benefits?Slide12
Promoting the Problem?Slide13
Solutions