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Chapter 12

Chapter 12. Deficits, Surpluses and Debt. Deficits and Debt. Questions For Discussion – Chapter 12 How do deficits arise What is the near-term deficit outlook Who will pay off the accumulated national debt. Deficits and Debt. News – October 12, 2006. SUMMARY

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Chapter 12

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  1. Chapter 12 Deficits, Surpluses and Debt

  2. Deficits and Debt • Questions For Discussion – Chapter 12 • How do deficits arise • What is the near-term deficit outlook • Who will pay off the accumulated national debt

  3. Deficits and Debt • News – October 12, 2006 SUMMARY The Administration today released the September 2006 Monthly Treasury Statement of Receipts and Outlays of the United States Government [1]. The statement shows the actual budget totals for the fiscal year that ended September 30, 2006, as follows: A deficit of $248 billion; total receipts of $2,407 billion; andtotal outlays of $2,654 billion. http://www.ustreas.gov/press/releases/hp135.htm

  4. Deficits and Debt • Report – February 2007 THE NEAR-TERM OUTLOOK The size of the deficit is best assessed in relation to the economy as a whole, as measured by Gross Domestic Product (GDP). Two years ago, with the 2004 deficit projected to peak at 4.5 percent of GDP…

  5. Deficits and Debt • Data – May 29, 2007 The estimated population of the United States is 302,015,390so each citizen's share of this debt is $29,208.72.

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