Difference between revisions of "US economy"

From Issuepedia
Jump to navigation Jump to search
(→‎Filed Links: notes: fed takeover of FM/FM)
m (Reverted edits by NolirElzel (Talk) to last version by Woozle)
 
(4 intermediate revisions by 2 users not shown)
Line 31: Line 31:
 
** [http://www.wikinvest.com/concept/Subprime_lending Subprime lending] was either the straw that broke the camel's back or perhaps just the economic warning canary
 
** [http://www.wikinvest.com/concept/Subprime_lending Subprime lending] was either the straw that broke the camel's back or perhaps just the economic warning canary
 
===Filed Links===
 
===Filed Links===
{{links.tagged}}
+
{{links/news}}
 +
 
 
==Notes==
 
==Notes==
 
* '''2008-09-07''' [[wikipedia:Federal takeover of Fannie Mae and Freddie Mac|Federal takeover of Fannie Mae and Freddie Mac]]
 
* '''2008-09-07''' [[wikipedia:Federal takeover of Fannie Mae and Freddie Mac|Federal takeover of Fannie Mae and Freddie Mac]]

Latest revision as of 02:46, 1 March 2009

Overview

This page is a portal for articles and information about various aspects of the United States economy, including:

This page is a seed article. You can help Issuepedia water it: make a request to expand a given page and/or donate to help give us more writing-hours!

Terminology

  • budget deficit: the amount of money which the United States must borrow in order to meet the federal budget; such borrowing increases the public debt. Opposite of budget surplus.
  • budget surplus: the amount of money left over in the federal budget after everything has been allocated. This money can be used to pay off the public debt. (Note: not sure if it automatically does this, or if there are other things that can be done with it.) Opposite of budget deficit.
  • public debt: the amount of money owed by the United States federal government to creditors who hold US Debt Instruments. This does not include the money owed by states, corporations, or individuals, nor does it include the money owed to Social Security beneficiaries in the future. Common synonyms include: national debt, gross federal debt, U.S. government debt Creditors charge interest on the public debt, so it increases each year unless there is a budget surplus sufficient to (at least) pay off that year's interest.
  • external debt: that portion of the debt of all sectors of the economy (public and private) which is owed to foreigners. Foreign ownership of the public debt is a significant part of the United States's external debt.

A budget deficit increases the public debt; a budget surplus can decrease it, but only if there is still some left over after paying off that year's interest.

Links

Reference

Filed Links

Related


Notes

Commentary

the economy vs. the majority party

News & Views