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Cory H Roxanne M Tuesdee Ford. What is Debt??? As per Webster's (http://www.merriam-webster.com/dictionary/debt)  Something owed such as; Money goods.

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Presentation on theme: "Cory H Roxanne M Tuesdee Ford. What is Debt??? As per Webster's (http://www.merriam-webster.com/dictionary/debt)  Something owed such as; Money goods."— Presentation transcript:

1 Cory H Roxanne M Tuesdee Ford

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

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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