oct 19, 2009
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Oct 19, 2009. National Debt Problems with the debt Social Security. The price of a bride in India has increased….why? (Washington Post Oct 12, 2009). - PowerPoint PPT PresentationTRANSCRIPT
Oct 19, 2009
I. National DebtII. Problems with the debtIII. Social Security
The price of a bride in India has increased….why?
(Washington Post Oct 12, 2009)NILOKHERI, India -- An ideal groom in this dusty farming village is a vegetarian, does not drink, has good prospects for a stable job and promises his bride-to-be an amenity in high demand: a toilet. In rural India, many young women are refusing to marry unless the suitor furnishes their future home with a bathroom, freeing them from the inconvenience and embarrassment of using community toilets or squatting in fields. About 665 million people in India -- about half the population -- lack access to latrines. But since a "No Toilet, No Bride" campaign started about two years ago, 1.4 million toilets have been built here in the northern state of Haryana, some with government funds, according to the state's health department. Women's rights activists call the program a revolution as it spreads across India's vast and largely impoverished rural areas. "I won't let my daughter near a boy who doesn't have a latrine," said Usha Pagdi, who made sure that daughter Vimlas Sasva, 18, finished high school and took courses in electronics at a technical school. "No loo? No 'I do,' " Vimlas said, laughing as she repeated a radio jingle.
Debt (not deficit)
1940
1944
1948
1952
1956
1960
1964
1968
1972
1976
1980
1984
1988
1992
19
9620
0020
0420
080
1,000
2,000
3,000
4,000
5,000
6,000
7,000
US Public Debt
$ bi
llion
s
1941
1943
1945
1947
1949
1951
1953
1955
1957
1959
1961
1963
1965
1967
1969
1971
1973
1975
1977
1979
1981
1983
1985
1987
1989
1991
1993
1995
1997
1999
2001
2003
2005
2007
2009
0%
20%
40%
60%
80%
100%
120%
US Debt as Share of GDP
Banks
US Savings Bonds
Pension Fund
Insurance Cos
Mutual Funds
State/Local Govt
Foreign
Other
$- $1,000 $2,000 $3,000 $4,000
$128
$194
$479
$150
$717
$526
$3,267
$880
Institutional Ownership of the Debt--$6,518 billion
Note: Does not include $4,785 billion held in U.S. government accounts
Foreign Debt Holdings in $bilChina, Mainland
JapanUnited Kingdom 2/
Oil Exporters 3/Carib Bnkng Ctrs 4/
BrazilHong Kong
RussiaLuxembourg
TaiwanSwitzerland
GermanySingapore
KoreaIndia
IrelandFrance
ThailandTurkeyMexicoNorwayCanada
NetherlandsEgyptIsrael
ItalySweden
ColombiaBelgium
ChilePhilippines
MalaysiaAustraliaAll Other
0 100 200 300 400 500 600 700 800 900
Debt/GDP of Major OECD Nations
Long Run Problems…
…And Longer Run Problems
Reductions in Noninterest Spending Needed to Close the Fiscal Gap in Various Years Under
CBO’s Alternative Fiscal Scenario(Percentage of gross domestic product)
The Longer We Wait, the Harder it Gets
Source: CBO