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Debt

Cory H Roxanne M Tuesdee Ford. Debt. What is Debt???. As per Webster's (http://www.merriam-webster.com/dictionary/debt) Something owed such as; Money goods Services An “obligation” or liability to pay someone

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Debt

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  1. Cory H Roxanne M Tuesdee Ford Debt

  2. What is Debt??? As per Webster's (http://www.merriam-webster.com/dictionary/debt) • Something owed such as; • Money • goods • Services • An “obligation” or liability to pay someone • Is this honestly what we think of when thinking about debt? (individuals, US, Globally?) You Tube Video

  3. How long has debt been around? • Not a clear timeline for individuals or government entities • Use debt to describe cost in • War • Natural Disasters • Rampages of individuals • Flagrant spending by political individuals

  4. Political Consequences? • War • Political infighting • Effects of the people who are governed

  5. San Antonio Debt Issues

  6. Texas Debt Issues

  7. United States Debt Issues U.S. National Debt Clock : Real Time • Debt is more than 16 trillion • Congress Demanding cuts!! • Spending > Money taken in • SS problem since 1970s • Debt Ceiling • Budget Control Act 2011

  8. United States Debt Issues • Current Administration VS Prior • US Government borrows 40 Cents of every $1 you spend • Emergency spending with caps

  9. Global Debt Issues • Credit reporting is downgraded • China • Europe • Even the United States • Developed Countries VS Underdeveloped Countries • Panic • Blaming Game

  10. Who Suffers? • EVERYONE!!! • Individuals • Families • @ United States

  11. Who benefits?

  12. Promoting the Problem?

  13. Solutions

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