The growing national debt seems to be of no interest in America at
the present time. This is no doubt because its burden will be
largely shifted forward to future generations who now are either
not yet born or are only children. Many say let them worry about
themselves However, a vast national debt can also impact today's
society and for that reason alone, should be an important issue for
voters. This book is a primer on the national debt and the issues
surrounding it. CONTENTS: Preface; The Federal Government Debt: Its
Size and Economic Significance; The National Debt: Who Bears its
Burden?; What if the National Debt Were Eliminated? Some Economic
Consequences; The Retirement of the National Debt: Will it Increase
the Economic Size of the Federal Government?; The Debt Limit: The
Need for Increases; How Budget Surpluses Change Federal Debt; The
Debt Limit: The Need to Raise it After Four Years of Surpluses;
Paying Down the Federal Debt: A Discussion of Methods; Surpluses
and Federal Debt; Basic Federal Budgeting Terminology; Index.
General
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