PPT-Chapter 15 Deficits and Debt

Figure 151 US National Debt as a Percentage of GDP 19392020 Source Federal Reserve Bank of St Louis FRED Economic Database Figure 152 Domestic and Foreign Holdings of US Debt billions of dollars 19702020. K Jha Memorial Lecture I first came to India only about eight years ago and have been coming to India once each year for the past five years Even in that short period of time I have seen significant improvements in the Indian economy and now hear ab A Lesson in How to Bankrupt a Country and Blame It on Others. Little Economic Growth, But Private Consumption Rose More Than a Third in a Decade—Debt Financed. Bank Credit to Households Rose Fast But Came Down with the Financial Crash. Philip Arestis and Malcolm Sawyer. University of Cambridge and University of Leeds. Introduction. The well-known . relationship. G- . T = S - I - NX . = S – I + FA. G: government expenditure; T tax revenue; S private savings; I private investment; NX net . 13. McGraw-Hill/Irwin. Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.. Fiscal. . Policy. The use of the taxing and spending powers of government to regulate aggregate expenditure, and thereby to stabilize the economy. The Long and Uncertain Road Ahead. Dr Robert . S. Gay. February . 18, 2013. The Rationale for Quantitative Easing. Deep recessions create deflationary conditions that undermine the effectiveness of traditional monetary tools.. Granof-5e. 1. Chapter 6 . Accounting for Capital Projects and Debt Service. Chapter 6 . Granof-5e. 2. Learning Objectives. Capital Projects Fund. Debt Service Fund. Special Assessments. What is Arbitrage?. Main Idea:. Deficit spending. . has helped create a national debt.. C10S4: Deficits, Surpluses, and the National Debt. Key Terms:. Deficit spending. Federal debt. Balanced budget. Crowding-out effect. Lecture 8. Deficits. , Surpluses, & the Public Debt. In this chapter you will learn. What a budget deficit and a budget surplus are, and their connection to the public debt. The . misconceptions about budget deficits and the national debt. From Deficits to Debt. Because of deficit spending, the national debt has increased dramatically.. . Typically, . deficit spending . is a result of the government forced to spend more than it collects because of unexpected developments causing a drop in revenues or a rise in expenditures.. Dimensions of Fiscal Policy. Deficits and debt. Speed of adjustment and overall debt burden. The . overall size of . government. General versus targeted expenditures. Redistribution. Deficits. Why might a benevolent dictator run deficits?. Deficits, Surpluses, . and the National Debt . Deficits, Surpluses, . and the National Debt . National debt. : . the sum . of the indebtedness of the federal government in the form of interest-earning bonds. It reflects loans to the U.S. Treasury. . Medicaid:. --Health care for the poor. Social Security:. --pension money for those who retire. --unemployment insurance; disability. Growing National Debt. Should we be worried?. Federal . Deficit. Economic . Fluctuations:. The Past 100 Years. Economic . Fluctuations:. the . Historical Record. Historically, the United States has experienced substantial swings in real output.. Before the Second World War, year-to-year changes in real GDP of 5% to 10% were experienced on several occasions. . 2009 GGFOA Annual Conference. John G. Hulsey, CGFM. Jackson County, GA. Learning Objectives. Identify Symptoms & Causes of Fiscal Stress. Diagnosis of your Government’s Fiscal/Budget Situation.