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Get a Handle on the National Debt

In: Deficit

Author

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  • Marie Bussing-Burks

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

Suggested Citation

  • Marie Bussing-Burks, 2012. "Get a Handle on the National Debt," Springer Books, in: Deficit, edition 0, chapter 0, pages 89-103, Springer.
    • Handle: RePEc:spr:sprchp:978-1-4302-4840-8_8
    DOI: 10.1007/978-1-4302-4840-8_8
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