Economic Stimulus 101 – Part 4
Posted March 12, 2009
“Somebody is going to have to pay for the interest on all this debt, and it’s going to come from future generations.”
⊕ Launch video
“When you look at the empirical data, it’s hard to find any relationships between the federal debt and the economy.”
⊕ Launch video
“The crucial thing is that investors will need assurance the deficit won’t spiral out of control.”
⊕ Launch video
“At some point we need to balance our trade and that will involve a devaluation of the dollar.”
⊕ Launch video
“Socialist, I wouldn’t call it… you might say that it has more of a social-democratic flavor.”
⊕ Launch video
Can we spend our way out of a bad economy? Explore the costs, benefits and impacts.
$10.9
trillion
Total U.S. national debt as of March 2009. That’s $35,853.31 per citizen. Source: U.S. National Debt Clock.
National Debt
The U.S. national debt surged past $10.9 trillion in March. What are the consequences?
The U.S. national debt surged past $10.9 trillion in March. What are the consequences?
Note: Adobe Flash is required to view the videos. Download it here.
National Debt
Who holds the national debt?
Does a high national debt hurt us? Some sides of the debate:
“Somebody is going to have to pay for the interest on all this debt, and it’s going to come from future generations.”
⊕ Launch video
“When you look at the empirical data, it’s hard to find any relationships between the federal debt and the economy.”
⊕ Launch video
Will excessive debt affect the United States’ ability to borrow? What happens if the value of the dollar drops?
“The crucial thing is that investors will need assurance the deficit won’t spiral out of control.”
⊕ Launch video
“At some point we need to balance our trade and that will involve a devaluation of the dollar.”
⊕ Launch video
The S-Word
Are the Obama administration’s policies moving us toward socialism?
“Socialist, I wouldn’t call it… you might say that it has more of a social-democratic flavor.”
⊕ Launch video
How do we define the U.S. economy, nationalization and socialism?
Produced by Jackie Hai, Richard Caesar and Frank Godinho, AmherstWire.com.
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“I just got the idea like I really want to meet everyone in my ward, or everyone that I would represent,” said Jarrett. “Especially with issues of climate change and wealth inequality, we’re not seeing action on a national level. We’re not seeing enough action on the state level, and so municipalities are the ones that need to take the lead.”
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