Deficit Why Should I Care?
At 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 trillio
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Marie Bussing-Burks
Deficit: Why Should I Care? Copyright © 2011 by Marie Bussing-Burks All rights reserved. No part of this work may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage or retrieval system, without the prior written permission of the copyright owner and the publisher. ISBN 978-1-4302-3659-7 ISBN 978-1-4302-3660-3 (eBook) Trademarked names may appear in this book. Rather than use a trademark symbol with every occurrence of a trademarked name, we use the names only in an editorial fashion and to the benefit of the trademark owner, with no intention of infringement of the trademark. President and Publisher: Paul Manning Lead Editor: Jeff Olson Technical Reviewer: Todd Knoop Editorial Board: Steve Anglin, Mark Beckner, Ewan Buckingham, Gary Cornell, Jonathan Gennick, Jonathan Hassell, Michelle Lowman, James Markham, Matthew Moodie, Jeff Olson, Jeffrey Pepper, Frank Pohlmann, Douglas Pundick, Ben Renow-Clarke, Dominic Shakeshaft, Matt Wade, Tom Welsh Coordinating Editor: Jennifer L. Blackwell Copy Editors: William McManus and Marilyn Smith Production Manager: Frank McGuckin Production Editor: Brigid Duffy Compositor: Mary Sudul Indexer: BIM Indexing & Proofreading Services Cover Designer: Anna Ishschenko Distributed to the book trade worldwide by Springer-Verlag New York, Inc., 233 Spring Street, 6th Floor, New York, NY 10013. Phone 1-800-SPRINGER, fax 201-3484505, e-mail [email protected], or visit www.springeronline.com. For information on translations, please contact us by e-mail at [email protected], or visit www.apress.com. Apress and friends of ED books may be purchased in bulk for academic, corporate, or promotional use. eBook versions and licenses are also available for most titles. For more information, reference our Special Bulk Sales–eBook Licensing web page at www.apress.com/bulk-sales. The information in this book is distributed on an “as is” basis, without warranty. Although every precaution has been taken in the preparation of this work, neither the author(s) nor Apress shall have any liability to any person or entity with respect to any loss or damage caused or alleged to be caused directly or indirectly by the information contained in this work.
To Phyllis and Bill
Contents About the Author .............................................................................................................vii About the Technical Reviewer ................................................................................viii Acknowledgments............................................................................................................. ix Introduction ........................................................................................................................... x Chapter 1: Crash Course on the National Debt ......................................................... 1 Chapter 2: A Huge Credit Card ........................................................................
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