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Steve Fulton

How the National Debt Affects You - US News and World Report - 0 views

money.usnews.com/...-the-national-debt-affects-you

national debt news americandream

shared by Steve Fulton on 06 Feb 13 - No Cached
  • primarily in the forms of higher interest rates and ultimately, a slower economy
    • Steve Fulton
      Steve Fulton on 06 Feb 13
       
      That makes sense...higher interest rates would make people less likely to buy stuff with credit, which would result in fewer jobs
  • At more than $14 trillion, America's debt might seem abstract, a number so large it's difficult to conceptualize.
  • If interest rates ramp up, a greater portion of the government's budget will go toward interest payments, leaving fewer dollars for other, more economically stimulating types of spending, such as building roads or providing tax incentives for small businesses.
    • Steve Fulton
      Steve Fulton on 06 Feb 13
       
      So, government jobs will be affected.  I've felt this lately, as a teacher, with less money for resources and salary from the state.
  • ...2 more annotations...
  • When it gets more expensive to do that, they will have to pull back, cut benefits, [and] cut transfer payments. That will further slow the economy and the job market."
  • Generally, the economic effects are less destructive if the government deals with the deficit by cutting back on spending and entitlement programs,"
    • Steve Fulton
      Steve Fulton on 06 Feb 13
       
      But if we cut from these programs, will there be money left for people who need help?  I wonder how much of our debt goes to these entitlement programs?
Steve Fulton

Prez not on job of lifting economy | Boston Herald - 0 views

bostonherald.com/...prez_not_job_lifting_economy

government economy americandream jobs

shared by Steve Fulton on 06 Feb 13 - No Cached
  • And a new report says our national debt will soon be 200 percent of our entire national output — or twice as high as that of Greece
    • Steve Fulton
      Steve Fulton on 06 Feb 13
       
      Wow, this sounds pretty serious.  I wonder why we are spending so much. What are we spending it on?
Steve Fulton

Of Course the Government Can Create Jobs! - Forbes - 0 views

www.forbes.com/...government-creates-jobs

government jobs forbes americandream

shared by Steve Fulton on 06 Feb 13 - No Cached
  • A recurring theme in the Presidential Debates has been the role of the government in the economy
    • Steve Fulton
      Steve Fulton on 06 Feb 13
       
      Why is this so debated? Either it does or it doesn't.  What are the facts?
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