PPT-The Federal Budget and the National Debt

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 interestearning bonds It reflects loans to the US Treasury . Common Threats Make Common Ground. NASA.gov. Asteroid: Entitlement Spending. “All . over the world, nations are coming to terms with the fact that the social-democratic welfare state is turning out to be untenable and unaffordable, dependent upon dubious economics and the demographic model of a bygone era. 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. Chapter 16. Growth in the Size of Government. Chapter 16, Section 1. Government Has Grown. In 1929, federal, state and local government employed about 3 million workers. Today they employ about 22 million workers, but the population has only doubled during this time.. Federal Budget. Definition. – The annual plan outlining proposed revenues and expenditures for the coming year. This is a general guideline and the actual money that is spent can change based on events that happen in the upcoming year. Slight increase in debt payments. Significant increase in lending in recent years. Projections made in 2013/2014 for increasing debt payments. Nine countries most exposed to foreign lending. Significant net external debt (over 30% of GDP). What does that kind of money look like?. $100:. We'll start with a hundred dollar bill. Currently the largest U.S. denomination in general circulation. Most everyone has seen them, slightly fewer have owned them. Guaranteed to make friends wherever they go. . Arley Johnson – Executive Director, Advocates for The Other America. Brad Penney – General Counsel, Advocates for The Other America. Mike Gaffin – Legislative Assistant to Senator Sherrod Brown (D-OH). Zeinab Partow. PRMED. The World Bank. Small States: High Debt Levels Overall. But spanning a wide range of debt-to-GDP and debt service burdens. Data are latest available, 2011-2013. Sources: WB-IMF DSAs, WDI database, country authorities. by . T. Current as of September 2014. U.S. household consumer debt profile:. Average credit card debt: . $15,607. . Average mortgage debt: . $153,500. . Average student loan debt: . $32,656. . In total, American consumers owe:. June 2013. Who We Are. Debt Management Services (DMS). Bureau of the Fiscal Service . . . (. formerly the Financial Management Service. ). United States Department of the Treasury. Credit Card Debt Good vs. Bad Debt 12 th Grade Advisory Activity Basic Credit Card Information Credit card average interest rate: 16-17% When credit card bills are paid off within a month, no interest is paid Source: American Dental Education Association, Survey of Dental School Seniors, 2017 Graduating Class. Average. Median. Concepts to know: . Debt vs. Deficit. Federal budget deficit – measured typically over the course of one year, a deficit occurs when the federal government’s outlays (payments) are larger than its receipts (funds paid to government).. 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. .