Understanding the National Debt

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Publisher :
ISBN 13 : 9781594162664
Total Pages : 0 pages
Book Rating : 4.1/5 (626 download)

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Book Synopsis Understanding the National Debt by : Carl Lane

Download or read book Understanding the National Debt written by Carl Lane and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The staggering United States debt has a direct impact on every American, yet few are aware of where the debt came from and how it affects their lives The United States has a debt problem--we owe more than $18 trillion while our gross domestic product, the value of all goods and services produced in America, is only $17.5 trillion. To pay down the debt, some recommend austerity, cutting federal expenditures. Others suggest increasing taxes, especially on the wealthiest Americans. In Understanding the National Debt: What Every American Needs to Know, economic historian Carl Lane urges that the national debt must be addressed in ways beyond program cuts or tax increase alternatives, but change can only occur when more Americans understand what constitutes our debt and the problems it causes. The gross national debt is composed of two elements: the public debt and "intragovernment holdings." The public debt consists of bonds, bills, and notes purchased by individuals, banks, insurance companies, hedge and retirement funds, foreign governments, and university endowments. Intragovernment holdings refers to money that the U.S. Treasury borrows from other parts of the government, principally Social Security and Medicare. This accounts for approximately a quarter of the gross national debt, but that is money that we owe to ourselves, not another entity. The more the government borrows, the less is available for private sector investment, creating a "squeeze" effect that inhibits economic growth. The most burdensome problem is the interest due each year on the debt. Every dollar spent on interest is a dollar less for other purposes. Those elements of the federal budget which are termed "discretionary" suffer. The mandatory elements of the budget--Social Security, Medicare, Medicaid, and the interest on the debt--must be provided for, but defense and national security, education, energy, infrastructure repair and development, and other needs wind up with less. By understanding the national debt we have an opportunity to address our real debt challenge--its principal and interest.

The National Debt

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Publisher : Oxford University Press
ISBN 13 : 0190935049
Total Pages : 224 pages
Book Rating : 4.1/5 (99 download)

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Book Synopsis The National Debt by : Martin Slater

Download or read book The National Debt written by Martin Slater and published by Oxford University Press. This book was released on 2018-09-01 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: While it is central to today's politics, few people fully understand the National Debt and its role in shaping the course of British history. Without it, Britain would not have gained-and lost-two empires, nor won its wars against France and Germany. But Britain has also been molded by attempts to break free of the Debt, from postwar Keynesian economics to today's austerity. Martin Slater writes a vivid tale colored with some of the most dramatic incidents and personalities of Britain's past-from clashes between King and Parliament, American independence and war in Europe, to the abolition of slavery, the development of the Union and the role of leading figures such as Pitt, Gladstone, Adam Smith and Keynes. From medieval times to the 2008 financial crash and beyond, The National Debt explores the changing fortunes of the Debt, and so of Great Britain.

One Nation Under Debt: Hamilton, Jefferson, and the History of What We Owe

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Publisher : McGraw Hill Professional
ISBN 13 : 0071543945
Total Pages : 433 pages
Book Rating : 4.0/5 (715 download)

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Book Synopsis One Nation Under Debt: Hamilton, Jefferson, and the History of What We Owe by : Robert E. Wright

Download or read book One Nation Under Debt: Hamilton, Jefferson, and the History of What We Owe written by Robert E. Wright and published by McGraw Hill Professional. This book was released on 2008-05-01 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: Like its current citizens, the United States was born in debt-a debt so deep that it threatened to destroy the young nation. Thomas Jefferson considered the national debt a monstrous fraud on posterity, while Alexander Hamilton believed debt would help America prosper. Both, as it turns out, were right. One Nation Under Debt explores the untold history of America's first national debt, which arose from the immense sums needed to conduct the American Revolution. Noted economic historian Robert Wright, Ph.D. tells in riveting narrative how a subjugated but enlightened people cast off a great tyrant-“but their liberty, won with promises as well as with the blood of patriots, came at a high price.” He brings to life the key events that shaped the U.S. financial system and explains how the actions of our forefathers laid the groundwork for the debt we still carry today. As an economically tenuous nation by Revolution's end, America's people struggled to get on their feet. Wright outlines how the formation of a new government originally reduced the nation's debt-but, as debt was critical to this government's survival, it resurfaced, to be beaten back once more. Wright then reveals how political leaders began accumulating massive new debts to ensure their popularity, setting the financial stage for decades to come. Wright traces critical evolutionary developments-from Alexander Hamilton's creation of the nation's first modern capital market, to the use of national bonds to further financial goals, to the drafting of state constitutions that created non-predatory governments. He shows how, by the end of Andrew Jackson's administration, America's financial system was contributing to national growth while at the same time new national and state debts were amassing, sealing the fate for future generations.

White House Burning

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Publisher : Vintage
ISBN 13 : 0307947645
Total Pages : 386 pages
Book Rating : 4.3/5 (79 download)

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Book Synopsis White House Burning by : Simon Johnson

Download or read book White House Burning written by Simon Johnson and published by Vintage. This book was released on 2013-02-12 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the authors of the national bestseller 13 Bankers, a chilling account of America’s unprecedented debt crisis: how it came to pass, why it threatens to topple the nation as a superpower, and what needs to be done about it. With bracing clarity, White House Burning explains why the national debt matters to your everyday life. Simon Johnson and James Kwak describe how the government has been able to pay off its debt in the past, even after the massive deficits incurred as a result of World War II, and analyze why this is near-impossible today. They closely examine, among other factors, macroeconomic shifts of the 1970s, Reaganism and the rise of conservatism, and demographic changes that led to the growth of major—and extremely popular—social insurance programs. What is unquestionably clear is how recent financial turmoil exacerbated the debt crisis while creating a political climate in which it is even more difficult to solve.

This Time Is Different

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Publisher : Princeton University Press
ISBN 13 : 1400831725
Total Pages : 512 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis This Time Is Different by : Carmen M. Reinhart

Download or read book This Time Is Different written by Carmen M. Reinhart and published by Princeton University Press. This book was released on 2009-09-11 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: The acclaimed New York Times bestselling history of financial crises Throughout history, rich and poor countries alike have been lending, borrowing, crashing, and recovering their way through an extraordinary range of financial crises. Each time, the experts have chimed, “this time is different”—claiming that the old rules of valuation no longer apply and that the new situation bears little similarity to past disasters. With this breakthrough study, leading economists Carmen Reinhart and Kenneth Rogoff definitively prove them wrong. Covering sixty-six countries across five continents and eight centuries, This Time Is Different presents a comprehensive look at the varieties of financial crises—including government defaults, banking panics, and inflationary spikes—from medieval currency debasements to the subprime mortgage catastrophe. Reinhart and Rogoff provocatively argue that financial combustions are universal rites of passage for emerging and established market nations. A remarkable history of financial folly, This Time Is Different will influence financial and economic thinking and policy for decades to come.

The National Debt

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Publisher : Oxford University Press
ISBN 13 : 0190934824
Total Pages : 341 pages
Book Rating : 4.1/5 (99 download)

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Book Synopsis The National Debt by : Martin Slater

Download or read book The National Debt written by Martin Slater and published by Oxford University Press. This book was released on 2018-09-01 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: While it is central to today's politics, few people fully understand the National Debt and its role in shaping the course of British history. Without it, Britain would not have gained-and lost-two empires, nor won its wars against France and Germany. But Britain has also been molded by attempts to break free of the Debt, from postwar Keynesian economics to today's austerity. Martin Slater writes a vivid tale colored with some of the most dramatic incidents and personalities of Britain's past-from clashes between King and Parliament, American independence and war in Europe, to the abolition of slavery, the development of the Union and the role of leading figures such as Pitt, Gladstone, Adam Smith and Keynes. From medieval times to the 2008 financial crash and beyond, The National Debt explores the changing fortunes of the Debt, and so of Great Britain.

The History Of The National Debt

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Publisher : Legare Street Press
ISBN 13 : 9781020977343
Total Pages : 0 pages
Book Rating : 4.9/5 (773 download)

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Book Synopsis The History Of The National Debt by : John J Grellier

Download or read book The History Of The National Debt written by John J Grellier and published by Legare Street Press. This book was released on 2023-07-18 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive history of the national debt of England provides a detailed examination of England's finances from the late 17th century to the end of the 18th century. John J. Grellier delves into the economic and political causes of the nation's massive debt, and describes the various measures taken to deal with it. A valuable resource for historians and economists alike. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

The U.S. National Debt

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Publisher :
ISBN 13 : 9781617617676
Total Pages : 0 pages
Book Rating : 4.6/5 (176 download)

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Book Synopsis The U.S. National Debt by : Charlotte G. Wilson

Download or read book The U.S. National Debt written by Charlotte G. Wilson and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains the different measures of the U.S. government debt, discusses the historical growth in the debt, identifies the current owners of the debt, presents comparisons with government debt in other countries, and examines the potential economic risks associated with a growing federal debt.

The History of the National Debt, from the Revolution in 1688 to the Beginning of the Year 1800

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Publisher : Palala Press
ISBN 13 : 9781354631379
Total Pages : 444 pages
Book Rating : 4.6/5 (313 download)

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Book Synopsis The History of the National Debt, from the Revolution in 1688 to the Beginning of the Year 1800 by : J. J. Grellier

Download or read book The History of the National Debt, from the Revolution in 1688 to the Beginning of the Year 1800 written by J. J. Grellier and published by Palala Press. This book was released on 2016-04-26 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

The National Debt in War and Transition

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Publisher :
ISBN 13 : 9781258269838
Total Pages : 304 pages
Book Rating : 4.2/5 (698 download)

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Book Synopsis The National Debt in War and Transition by : Henry Clifford Murphy

Download or read book The National Debt in War and Transition written by Henry Clifford Murphy and published by . This book was released on 2012-04-01 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The history of the National Debt

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Publisher :
ISBN 13 :
Total Pages : 440 pages
Book Rating : 4.B/5 (1 download)

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Book Synopsis The history of the National Debt by : John J. Grellier

Download or read book The history of the National Debt written by John J. Grellier and published by . This book was released on 1810 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Nation Wholly Free

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Publisher : Westholme Publishing
ISBN 13 : 9781594162091
Total Pages : 0 pages
Book Rating : 4.1/5 (62 download)

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Book Synopsis A Nation Wholly Free by : Carl Lane

Download or read book A Nation Wholly Free written by Carl Lane and published by Westholme Publishing. This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "When President James Monroe announced in his 1824 message to Congress that the [nation's] large public debt, [accumulated since the Revolution], would be extinguished on January 1, 1835, Congress crafted legislation to transform that prediction into reality. Yet John Quincy Adams, Monroe's successor, seemed not to share the commitment to debt freedom, resulting in the rise of opposition to his administration and his defeat for reelection in the bitter presidential campaign of 1828. The new president, Andrew Jackson, was thoroughly committed to debt freedom, and when it was achieved, it became the only time in American history when the country carried no national debt. Lane shows that the great and disparate issues that confronted Jackson, such as internal improvements, the 'war' against the Second Bank of the United States, and the crisis surrounding South Carolina's refusal to pay federal tariffs, become unified when debt freedom is understood as a core element of Jacksonian Democracy."--

A History of the Bureau of the Public Debt

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Publisher :
ISBN 13 :
Total Pages : 288 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis A History of the Bureau of the Public Debt by : Jeffrey A. Cantor

Download or read book A History of the Bureau of the Public Debt written by Jeffrey A. Cantor and published by . This book was released on 1990 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The History and Control of National Debts with Special Reference to the Methods of Their Liquidation

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Publisher :
ISBN 13 :
Total Pages : 120 pages
Book Rating : 4.M/5 ( download)

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Book Synopsis The History and Control of National Debts with Special Reference to the Methods of Their Liquidation by : Jan Hendrik Hofmeyr

Download or read book The History and Control of National Debts with Special Reference to the Methods of Their Liquidation written by Jan Hendrik Hofmeyr and published by . This book was released on 1918 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Political Economy of Public Debt

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Publisher : Edward Elgar Publishing
ISBN 13 : 1785363387
Total Pages : 337 pages
Book Rating : 4.7/5 (853 download)

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Book Synopsis The Political Economy of Public Debt by : Richard M. Salsman

Download or read book The Political Economy of Public Debt written by Richard M. Salsman and published by Edward Elgar Publishing. This book was released on 2017-02-24 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: How have the most influential political economists of the past three centuries theorized about sovereign borrowing and shaped its now widespread use? That important question receives a comprehensive answer in this original work, featuring careful textual analysis and illuminating exhibits of public debt empirics since 1700. Beyond its value as a definitive, authoritative history of thought on public debt, this book rehabilitates and reintroduces a realist perspective into a contemporary debate now heavily dominated by pessimists and optimists alike.

The History of the National Debt from the Revolution in 1688 to the Beginning of 1800

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (257 download)

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Book Synopsis The History of the National Debt from the Revolution in 1688 to the Beginning of 1800 by : John J. Grellier

Download or read book The History of the National Debt from the Revolution in 1688 to the Beginning of 1800 written by John J. Grellier and published by . This book was released on 1971 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Hamilton's Blessing

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Publisher : Bloomsbury Publishing USA
ISBN 13 : 0802717993
Total Pages : 238 pages
Book Rating : 4.8/5 (27 download)

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Book Synopsis Hamilton's Blessing by : John Steele Gordon

Download or read book Hamilton's Blessing written by John Steele Gordon and published by Bloomsbury Publishing USA. This book was released on 2010-04-05 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Reprint. Originally published in 1997."--T.p. verso.