oct 19, 2009

12
Oct 19, 2009 I. National Debt II. Problems with the debt III. Social Security

Upload: darva

Post on 22-Feb-2016

56 views

Category:

Documents


0 download

DESCRIPTION

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 Presentation

TRANSCRIPT

Page 1: Oct  19,  2009

Oct 19, 2009

I. National DebtII. Problems with the debtIII. Social Security

Page 2: Oct  19,  2009
Page 3: Oct  19,  2009

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.

Page 4: Oct  19,  2009

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

Page 5: Oct  19,  2009

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

Page 6: Oct  19,  2009

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

Page 7: Oct  19,  2009

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

Page 8: Oct  19,  2009

Debt/GDP of Major OECD Nations

Page 9: Oct  19,  2009

Long Run Problems…

Page 10: Oct  19,  2009

…And Longer Run Problems

Page 11: Oct  19,  2009
Page 12: Oct  19,  2009

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