Get a Handle on the National Debt

Marie Bussing-Burks

Chapter Chapter 8 in Deficit, 2012, pp 89-103 from Springer

Abstract: Abstract If you believe that exploding deficits are a problem and the national debt is out of control, then the solution is to become informed and take control of the problem. How do we, as a society, go about that process? While virtually everyone has an opinion on the debt and its level of gravity, most would concur that there are some very basic steps the United States can take to address the rising deficits and debt. How these strategies are developed and employed can be varied, blended, and adjusted, but each will help give the United States a more sound financial footing. This chapter addresses the following topics: The basic formula to curb deficits Balancing the budget Eliminating pork projects Empowering states Using the debt ceiling as a tool Reforming entitlement programs Long-term planning

Keywords: Social Security; Government Spending; Social Security Benefit; Fiscal Year; National Debt (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4302-4840-8_8

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DOI: 10.1007/978-1-4302-4840-8_8

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