Who Really Owns The United States Inc National Debt

Author : Don Kilam
Publisher :
ISBN 13 :
Total Pages : 181 pages
Book Rating : 4.09/5 ( download)

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Download or read book Who Really Owns the United States Inc. National Debt? written by Don Kilam and published by . This book was released on 2021-10-10 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. national debt exceeded $28 trillion in 2021.1 One thing that many people may not know is that the Social Security Trust Fund owns a significant portion of that national debt. So how does that work and what does it mean? Inside we'll dive into who actually owns the U.S. national debt and how that impacts you.

Author : Carl Lane
Publisher :
ISBN 13 : 9781594162657
Total Pages : 0 pages
Book Rating : 4.54/5 ( download)

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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.

Author : United States. Congress. House. Committee on Ways and Means
Publisher :
ISBN 13 :
Total Pages : 120 pages
Book Rating : 4.34/5 ( download)

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Download or read book Temporary Increase in Debt Ceiling written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1962 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Bill Still
Publisher :
ISBN 13 : 9780964048522
Total Pages : 270 pages
Book Rating : 4.23/5 ( download)

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Download or read book No More National Debt written by Bill Still and published by . This book was released on 2011 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sovereign nations do not have to borrow their money into existence, yet the United States has been deceived into doing so since 1913. The compounding interest on this debt is now growing logarithmically and cannot be sustained. Unfortunately, we cannot just pay down the National Debt. All our money except for coins -- is created out of this debt. Under this debt money system, to reduce the debt is to reduce the national money. The only solution is to restructure our monetary system to forbid government borrowing. Fortunately, this is nothing new. The U.S. and other nations have done it before.The truth is that nations do not need to borrow. Nations can create. Creating the nation's money is the most important power of a sovereign country. The National Debt and the resulting interest payments are what is killing every economy on the planet, impacting the poorest nations with starvation. No More National Debt should be the battle cry for a new human rights movement.

Author : Robert Morris
Publisher :
ISBN 13 :
Total Pages : 302 pages
Book Rating : 4.O4/5 ( download)

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Download or read book The Public Debt of the United States written by Robert Morris and published by . This book was released on 1867 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : United States. Congress. House. Committee on Ways and Means
Publisher :
ISBN 13 :
Total Pages : 236 pages
Book Rating : 4.58/5 ( download)

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Download or read book Legislative History of H.R. 8464, 89th Congress written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1965 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : United States. Congress. House. Committee on Ways and Means
Publisher :
ISBN 13 :
Total Pages : 620 pages
Book Rating : 4.92/5 ( download)

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Download or read book Legislative History of H.R. 8464, 89th Congress written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1965 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : United States. Congress. House. Committee on Ways and Means
Publisher :
ISBN 13 :
Total Pages : 112 pages
Book Rating : 4.93/5 ( download)

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Download or read book Increase in Public Debt Ceiling written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1969 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Considers Presidential requests for an increase in the public debt ceiling and a redefinition of the national debt that would include only publicly held Federal obligations.

Author : Simon Johnson
Publisher : Vintage
ISBN 13 : 0307947645
Total Pages : 386 pages
Book Rating : 4.42/5 ( download)

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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.

Author : Lawrence Malkin
Publisher : Macmillan
ISBN 13 : 0805003827
Total Pages : 325 pages
Book Rating : 4.26/5 ( download)

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Download or read book The National Debt written by Lawrence Malkin and published by Macmillan. This book was released on 1987 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: