Debt Elimination Companies - Government Debt Help Knowledge Base

Government Debt Help Knowledge Base

Do these cases of government debt and budget deficit indicate potential problems for the economy? What problems arise out of excessive debt and inadequate saving, and how might the government might correct this? Need some help with the above question. I dont even know where to start Any suggestions of journals or journal articles i might read

Would it help the economy if the Government eliminated all Debt? Not Government debt... just personal and business debt. Lets say the U.S. Government declared that as of February 1st.. all businesses and individuals are completely FREE of their prior debts. This means any debt you get into after Feb. 1 you have to pay back. BUT you would be freed from all the debt you got into before Feb. 1. This would mean every person and business would get a clean slate and not own ANYONE money. What impact would this have on the economy? Please be as detailed as you like.

How many of you would be willing to donate money to help pay down the government debt ? http://www.publicdebt.treas.gov/

What is government debt? I need to know what is considered a government type debt? HR Block just said something happened to it?????? We don't owe any kind of money for houses or child support, or back taxes...NOTHING like that! The worst my husband has is traffic fines. Please help! It was our state tax refund btw. Have NO clue why I didn't add that before!

Help to resolve government debt? Long story short: Grandparents were immigrants who borrowed a lot of money from the government to support their families. 20 years later, we received a letter from the government explaining that we owe $100 000 +. We have no way of accumulating that much money in the time the government has given us. Our family is stressed to the point where we're all going to break. What are our options. And no. I'm not bullshitting this, i certainly don't gain anything if i am. 10 points to the best answer. PLEASE help.

What should we do about government debt, and are you willing to pay? Most of you probably know about the government debt problems occuring in Greece. The government in desperation has set up a bank account in which any person can donate money into the bank account to help pay off the debt or interest of it. New Tang Dynasty TV reported on two Greek boys 6 and 8 years old who donated their piggy banks towards the cause. http://english.ntdtv.com/ntdtv_en/ns_europe/2010-04-10/180345810783.html Now I would say that things aren't as desperate over here, but the US doesn't seem too far from it. $12 Trillion dollars and counting. But did you know that the US Treasury also takes donations as well? http://www.treasurydirect.gov/govt/resources/faq/faq_publicdebt.htm#DebtFinance My question is how should we combat the government debt? Would you be willing to contribute via this donation process? Do you think it is something to fret about? Because if things are left the same as is, it seems that the two greek kids above will not be the only kids that will have to pay off this generation's debts. But lets add something: is your plan feasible?

Rate on government debt? I am very confused about what this term means. It seems to me that the 30 year treasury bond rate is one way to measure this, but I don't exactly understand what this is either. If I wanted to research statistics for this, what kind of numbers would they be? I could really use some help with this!

What Is The US Debt? And How Much Money Is It? cause im confused they said there is government debt and peoples debt so what is the diffrence. please help? how many types are there? whats the total of all of them?

Why do CONS think cutting taxes can help the Government reduce its debt? Without tax revenue, how exactly is the Government supposed to get income?

Why do Cons deny that a lot of government debt was generated under Republicans? Reagan ramped spending up to 184% by giving Casper Weinberger a blank check. Bush Jr borrowed money from China to finance the invasion of Iraq. Obama's spending has actually been to help Americans, and we're actually netting money from banks like AIG as they pay off their loans. AIG payback http://www.independent.co.uk/news/business/news/aig-to-pay-back-some-of-bailout-billions-1874178.html Weinberger's 1 Trillion military buildup. http://news.google.com/newspapers?nid=336&dat=19850129&id=DPcOAAAAIBAJ&sjid=WIMDAAAAIBAJ&pg=6060,5699559

How can we still be in a recession if national debt...? when you talk about 800 billion dollars and 700 billion dollars, how can our nation still be in a recession when the national debt, aside from government debt, is less than 2 trillion? 1 and a half trillion dollars should be more than enough, in a competatant person's hands, to jump start the economy, if not by helping, then buying up every lower and middle classes debt. i realize this may be the extreme, but its guaranteed to work. figure thats better than gambling with it. I realize what the deficit is. But what is stopping spending is the debt. whether it be mortgages or other loans. if those were said off, the extra money americans would have would boost the economy. i figure thats a lot better than giving to corp america in hope it trickler down to the taxpayers.

how do you calculate the economy's relative debt burden? I have the annual gdp ,and growing rate,and debt. annual GDP 5 trillion, economy is growing at a rate of 3%per year. and has a government debt of 3 trillion. How much of a deficit can this government have each year and still maintain the current relative debt burden...So how do I do both of these.. Calculate the relative debt burden, and calculate how much of a deficit it can have each year and still maintain that relative debt burden? Please help this course is about over and thanks to all of you I might pass..

What would happen in the USA if the government underwrote the debt of a bank? For all the USA YA's out there who live in the most advanced capitalist society in the West...what would the public's reaction be if the USA federal reserve helped out a private bank with hard earned USA tax payer money?

How is government debt similar/different now then it was in the Post Civil War era? Need a little help. I have a few solid examples for this for a paper I am writing, but I'm just looking for a few more concrete explanations. I've done some research and I've compiled a diagram of information, but I could always use some more.

Help with true or false questions for government. Just 5 questions? Please please help, I cannot find these answers any where. Most i have a pretty good idea what they are but still have that doubt. 1. Consumer product safety commission was established duriing the Social Regulation Era. T/F 2. Government debt is the accumulation of deficits over a four year period. 3. The federal reserve has no control over interest rates. 4. The budgetary process is a good stablizing tool for the economy. 5. The last president to balance the budget was a republican with a democratic house.

Apart from Government impementing debt relief pakage to help the Indian Farmers to be alive.........? Why not make a Budget Allocation to give Free Health Insurance Policy for all these Farmers who cannot afford to treat by themselves in this expensive medical world for their Minor and Major diseases?

I need help paying a government hospital debt, any suggestions of who might be able to help? ?

How is debt sold by our government to other countries? How does the debt system work, what happens when the other countries buy our debt, can they sell our debt to other countries, can they force us to pay our debts at any given time, please explain how the national debt system works? Thanks, I need lots of details and really want to understand so thanks again for your help!

American Government Questions? Well I have some quesitons on a packet and I cannot find the answers anywhere! I've been working on it for 6 hours and still no luck! Please help me! I will surely appreciate it! 1. The US Supreme Court was first established: a. before the War of Independence b. after the war of independence c. in 1787 d. in 1789 2. Which of the following statements most accurately characterizes and support given to the Constitution by different framers? A. most Framers acted out of a maxture of motives, with economic interists playing oly a modest role B. the strongest supporters of the constitution were veterans of the Revolutionary War. C. Those framers who held government debt and who did not own slaves tended to oppose the Constitution. D. Most Framers were more concerned about establishing a central government that was too weak than one that was too strong. E. The framers tended to divide along class lines in the support they gave to the constitution! I think the answer to both are D.

Now that we are responsible for healthcare, shouldn't we start taxing junk food? I'm thinking we should significantly increase taxes on McDonald's, potatoes chips, etc. It will help pay off our government debt and make those that cost our health care the most responsible for paying their health care costs. I personally think we should tax Krispy Kream and Starbucks out of business like we have done with the nation's coal industry. They offer nothing positive for our health or the largest 1/6 of our economy, health care. What should be taxed to recover our cost in your opinion?

What is the total budgeted federal debt of the United States government? I need to know what the total budgeted federal debt it. I have found the actual federal debt, but not the budgeted federal debt. Need help ASAP! Thanks!

Can I get help from the government to reduce my credit card debt or at least reduce the interest rates? Question Can I get government money to help reduce my credit card debt without affecting my credit score or reduce the interest rate that credit card companies charge?

What is the US Government doing to relieve the national debt? I'd hate to say it but if there isn't a way to help with the debt then maybe we should consider an additional tax. ( and fire our current president) I think what we need to do is (with out sounding too corny) to focus on our own needs and make peace with other countries, we need not threaten other countries. We should work together, we are stuck in this area. We aren't evolving. what we are doing is living in the past, focusing on the nations problems. and not to mention, we are greedy. (does trump sound familiar, i do believe its a close race to be the richest man in the us, between trump and the owner of microsoft.) I mean besided creating business for the US what are they doing to help with the debt. And you've seen that '?' guy, mathew lesko, he says there are millions if not billions of dollars going to waste, where is it going and not to the current problem in the US. THE NATIONAL DEBT???

Can someone explain to me health care bill? I'm confused as to how this bill can be good for our country at a time when the economy is low. I'm assuming we'll need to pay more for the people who aren't insured, so does that come out of my pocket, making low-income families even more out of risk to stay above the line at this time? How much will this cost our country and how will this overtime help our government debt?

With this Bailout Bill in place, and the Government buying this bad debt? Would you support wage garnishemnts of the people who have defaulted on this debt and helped create this mess adding personal accountibility? Why or why not? Or do you think we the tax payers should pay for our neighbors stupidity?

Will Obama's infrastructure plan hurt or help the economy? We now know that Obama wants to create more jobs by having a new infrastructure plan. However, where will this money come from? It sounds great to creat new jobs but is this really the solution. I'm curious to know if you think that this plan will hurt or help the economy? Or will it just increase Government debt from foreign countries, raise taxes on Americans, create more inflation, or help the economy?

Is there a government agency that helps with debt consolidation? I need a reliable trustworthy debt consolidation service quickly. I've heard that most advertised agencies are to be avoided.

Debt collectors after me, what can I do? Hello... I owe my old college about 9,000. Through a loophole, I was able to transfer out of there. Now a debt collection agency (General Revenue Corp)is after me, it's been about 4 years since the initial default on payment. I live in Illinois, and I think the statute of limitations is 6 years here... I am completely unable to pay these people. My mom got laid off 5 months ago and my dad passed away on the 28th. I am not saying this for sympathy, but to show that I am painted into a corner. I'm still a full time student and work about 25 hours a week on minimun wage, which barely pays for my rent. Can I ignore these people? I know they can sue me, but is this likely? My mom said that eventually the debt will turn into a government debt, but I'm not sure. I know I should contact them and explain my situation, but I know it wouldn't help at all. I know this is MY fault, but life has really taken a turn and I just don't know what to do. Any advice would be greatly appreciated. Thanks, Kat.

Government Website for debt help? What is the real website to get help with debt? I thought there was a government website that you didn't have to pay for that helped you with personal debt i don't know if it was for counseling, counsolidation or something else. I want the real government run website.

Government help. Laws or bills that have been passed about taxes, spending, and /or debt? Over the last 3-5 moths have there any new laws or bills that have been passed about taxes, spending, and /or debt in the US Government? Can you state the source please, so that I can read about it. Thanks. Easy 10 points.

Why is the government just ignoring our huge debt crisis? I am 24 and an economist. I am extremely frightened at the direction this country is heading, in terms of its lax attitude on the debt. Both political parties seem responsible, but the war is definitely not helping. Young people don't seem to realize that the older generation is setting us up with a debt that we can't possibly pay. is there any solution in sight? I would definitely appreciate any thoughts.

government Liability for Debt? I have a Moot court competition and I need to research on government liability for the war debt not the state liability as well as the debt incurred by a government which is illegal..its repurcussions...and how far a successor governemt would be liable for any such debts incurred by a government which has illegally formed and ruled the state.Kindly help. would be obliged

I am a Veteran and am having trouble paying off my debt. Does anyone know of Government Grants that can help? I have been looking for work, i just moved here from Germany after my husband got stationed here at Ft. Lewis. We are in alot of trouble with Money. I have applied for over 40 jobs, i have not heard anything back. I would rather work, but if something doesn't come up soon, i Dont know what we are going to do.

What are some realistic ways the Government can help satisfy the national debt? And some ways we can help subsidize it, however small it may seem.

Is there anywhere I can apply for government aid/assistance to help pay off debt? Or from the state of FL? I live in FL. And I keep hearing that these authors which are publishing "get out of debt"-books include sources where you can apply for government assistance. At times, this is just a gimmick to buy the book. Please help. Due to the market crash here, I have racked up $40,000 in debt. I havent missed a payment yet but I am getting so scared that that moment may come.

why is the government helping bail out greece when we dont even have enough to fix our own economy? we already have a some-trillion dollar debt, our government is run by stupid as hell liberals.

Hamilton wanted the federal government to take over in full the Revolutionary debt of Congress & states?? HELP? Hamilton wanted the federal government to take over in full the Revolutionary debt of the Continental Congress and the states because he believed that A) this would cause speculators a heavy loss in certificates. B)the payment of all such obligations was guaranteed in the Constitution. C) this would cause well-to-do creditors to favor the new federal government and the extension of its powers. D)the states unanimously favored such a policy. E) it was an extension of his beliefs in the power of the common man.

BERNANKE STANDS READY TO DEVALUE YOUR DOLLARS, what part of this do you not understand? WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke heads to Congress Wednesday with a message of reassurance: The Fed stands ready to take new steps to bolster the recovery if the economy worsens. The Fed chief kicks off back-to-back appearances on Capitol Hill at a delicate time for the economy. The recovery, which had been flashing signs of strengthening earlier this year, is losing momentum. And fears are growing that it could stall. Consumer have cut spending. Businesses, uncertain about the strength of their own sales or the economic recovery, are sitting on cash, reluctant to beef up hiring and expand operations. A stalled housing market, near double-digit unemployment and an edgy Wall Street shaken by Europe's debt crisis are other factors playing into the economic slowdown. Bernanke, who is scheduled to deliver his twice-a-year economic report to the Senate Banking Committee on Wednesday afternoon, will probably again downplay the odds that the economy will slide back into a "double dip" recession. But at the same time, he'll strike a more cautious tone, pointing out that the fragile economy is still vulnerable to shocks. To strengthen the economy, the Fed is likely to hold a key bank lending rate at a record low near zero well into 2011, or possibly into 2012, economists predict. That would mean rates on certain credit cards, home equity loans, some adjustable-rate mortgages and other consumer loans would stay at their lowest point in decades. Ultra-low lending rates, however, haven't done much lately to rev up the economy. Consumers and businesses are cautious and aren't showing an appetite to spend as lavishly as they usually do in the early stages of economic recoveries. Even though the prospects of deflation -- a widespread and prolonged drop in prices for goods, the value of stocks and homes and in wages -- is remote, some Fed officials are worried about it. Keeping rates low would help prevent deflationary forces from taking hold. Against such a backdrop, Fed officials at their June meeting cut their forecasts for growth this year. They also saw the need to explore new options for energizing the rebound. That's a turnaround from earlier this year when they were moving to wind down crisis-era supports. If the recovery were to deteriorate, the Fed could revive programs to buy mortgage securities or government debt. It could lower the interest rate paid to banks on money left at the Fed or cut the rate banks pay for emergency Fed loans. The Fed also could create a new program to spark more lending to businesses and consumers in a bid to lure them to ratchet up spending and grow the economy. The economic hurdles to taking such steps would be high, analysts say. There's also unease within the Fed about taking additional stimulative steps because of fear they could spur inflation or speculative excesses by investors later on. Bernanke will be under more pressure than usual because it's an election year. Upset by high unemployment, rising foreclosures and lackluster wage gains, voters may seek to punish incumbent Democrats and Republicans in Congress if the economy doesn't get better. The unemployment rate, now at 9.5 percent, is expected to stay high -- in the 9 percent range -- through the end of this year, under the Fed's forecast. Despite the wobbly recovery, there's little appetite in Congress to enact a major new stimulus package. Senate Republicans in particular have balked at spending more when the government is already saddled with record high budget deficits. Bernanke appears before the House Financial Services Committee on Thursday. When Bernanke delivered his economic report to Congress in February, he struck a confident note that the rebound would endure. But he warned it would not be robust enough to quickly lower unemployment. At the same time, he was laying the groundwork for the Fed to start boosting rates once the recovery was firmly entrenched. Now, given rising threats to the rebound, prospects of a rate increase this year have disappeared, and the Fed is more focused on keeping the recovery alive ANYTHING to prop up HIS FAKE RECOVERY ! SCREW THE SAVERS and responsible ,lets help the wall street gamblers get easier access to dollars !

Should the government go in to debt to help the poor.? Pertaining to the current recession.

Labor leader Kevin Rudd a dud or Liberal leader John Howard the piggy bank saver? Why vote for an inexperienced leader like Kevin Rudd and the labor party .The labor partys run over the past years has put australia into debt .Because of the liberal leadership there is no government debt and now is a surplus in the bank ?What does this tell you about leadership in australia?The right to vote for any goverment partys should be taken away from all government employee's including army or security to stop all doubt of interfearance on the inside.?Labor leader Kevin Rudd does not believe in freedom and liberty for the man ,woman and child. Giving help to train iraq personell to keep law and order is practical as these iraqi personell train on iraqi ground for iraq as to train in another country is just plain dumb in opinion .Kevin Rudd should not comment about the war in iraq if Kevin Rudd does not believe in saving thousands and maybe millions of women and children for cetain death .So what if there arabic or muslim they still deserve to live a productive life,prosper? Eat well and prosper and become educated to live and dont place the lives of australian(each other ) in the hands of a political figure who cannot run a company properly.

name of government agency that offers debt relief ? I heard a part of a radio show on getting out of debt. and the speaker gave the name of a government agency that offers a program w/o filing for bankrupcy or debt negotiation . it was stated to be offer at a interest rate of 3%. any help would be greatly appreciated

government help plz :P and thank you 2 pple who do help? The federal government's biggest single source of revenue is from foreign aid. loans from banks. big business. individual income tax. 2. Someone's total income minus certain deductions and personal exemptions is that individual's taxable income. gross income. withholding income. depdendent tax. 3. When the government's borrowing is greater than its income, it creates a national debt. government securities' risk. withholding situation. national taxable income.

Debt consolidation options, government help? i've seen ads on tv about how you can slash your debt by 75% due to a government law help. how do i findout more about it, and how do i qualify for it?

Are there really government grants available to help one get out of debt? I've received several emails recently about government grants. One in specific says it was featured on the Today show and CNN. Are there really grants one can get to help pay bills?

How will increase in government spending help get the country out of debt? I want a view from the democratic position.(it doesnt make sense to me) i dont want to hear any bashes or w/e. i want an answer through a democrats viewpoint and some proof to back it up. thanks

Can anyone help me with information on how I can get a loan for a debt I owe the federal government?

Can government grants help me with my credit card debt? I am drowning in credit card debt and I am looking for help other than bankruptcy

Has anyone been helped by the people who say they are under government help to assist you to reduce debt.? I wondered is there a catch and is it genuine.

bail out bullshit...if im debt, will the government help me out? and, why do the tax payers have to bail out these banks?

Should the government help people with their credit card debt? Have liberals completely forgotten about personal responsibility?

when is the Government going to bail me out of my credit card debt? I, like the credit companies, need some help too. I'd like a second job, but nobody wants to hire.

Government help Please? 1. The federal government's biggest single source of revenue is from foreign aid. loans from banks. big business. individual income tax. 2. During the year employers set aside a certain amount of money, called ____, from their employees' wages. securities tax shelter withholding dependent tax 3. These are government financial instruments that include bonds, notes, and certificates. corporate income taxes securities excise taxes customs duties 4. When the government's spending is greater than its income, it creates a national debt. government securities' risk. withholding situation. national taxable income. 5. To raise revenue and pass appropriations is the power of the Supreme Court. the people. Congress. the president. 6. The idea that the best forecast of this year's budget is last year's, plus a little more, is called reconciliation. incrementalism. policy budget-making. fiscal year budget-making. 7. The IRS checks some tax returns more carefully than others during entitlements. discount rates. uncontrollables. audits. 8. A 12-month accounting period is called a deficit year. revenue year. monetary year. fiscal year. 9. An example of an entitlement program is Social Security. corporate tax. tax loopholes. individual income tax. 10. The yearly sum of goods and products produced in a country is called the deficit. gross national product. uncontrollables. entitlements. 11. The United States economy is a regressive tax economy. market economy. fiscal policy economy. monetary policy economy. 12. An individual's total income, minus certain deductions and personal exemptions, is called the excise tax. withholding. social insurance tax. taxable income.

Please help me in American Government!? 1. The federal government's biggest single source of revenue is from foreign aid. loans from banks. big business. individual income tax. 2. During the year employers set aside a certain amount of money, called ____, from their employees' wages. securities tax shelter withholding dependent tax 3. These are government financial instruments that include bonds, notes, and certificates. corporate income taxes securities excise taxes customs duties 4. When the government's spending is greater than its income, it creates a national debt. government securities' risk. withholding situation. national taxable income. 5. To raise revenue and pass appropriations is the power of the Supreme Court. the people. Congress. the president.

American Government help please.? 1. The federal government's biggest single source of revenue is from foreign aid. loans from banks. big business. individual income tax. 2. During the year employers set aside a certain amount of money, called ____, from their employees' wages. securities tax shelter withholding dependent tax 3. These are government financial instruments that include bonds, notes, and certificates. corporate income taxes securities excise taxes customs duties 4. When the government's spending is greater than its income, it creates a national debt. government securities' risk. withholding situation. national taxable income. 5. To raise revenue and pass appropriations is the power of the Supreme Court. the people. Congress. the president. 6. The idea that the best forecast of this year's budget is last year's, plus a little more, is called reconciliation. incrementalism. policy budget-making. fiscal year budget-making. 7. The IRS checks some tax returns more carefully than others during entitlements. discount rates. uncontrollables. audits. 8. A 12-month accounting period is called a deficit year. revenue year. monetary year. fiscal year. 9. An example of an entitlement program is Social Security. corporate tax. tax loopholes. individual income tax. 10. The yearly sum of goods and products produced in a country is called the deficit. gross national product. uncontrollables. entitlements.

If the government took away welfare, would that help us come out of debt faster? Our country is so in debt right now, if they stopped giving welfare to people who don't deserve it then wouldn't that help the u.s come out of debt at all? well i know social security and medical care is a must, but everyone knows people who can work but just use the goverment to get money, i trying to say that the goverment should take welfare more seriously and only only give it to people who truly need it. not just to anyone. maybe get a job and go to college and you won't have a problem.

To solve the national debt problem for the future, should we cut government spending? If so...then how exactly will that help? Thanks!

Government debt...? Why might the level of government debt affect government incentives concerning monetary policy?

Why does GDP include government spending but not subtract out government debt accrual? I keep seeing the US National Debt compared against our GDP and when I looked up the definition, government spending is added in but government debt is not accounted for (assumes no debt?) Why is GDP a good measure of a country's wealth if it does not take into account that country's liabilities?

Can't I just write a 7 Trillion Dollar check to the government and pay off the debt? Its gonna bounce from here to hades but its just a Class B misdemeanor for me, and the government debt is paid in full.

How to get rid of government debt? Isnt it simple. All the government is gotta do is build several money making facilities in secret. Like area 51. Then start printin money and payin off all the people it owes money to. Once the debt is payed off the facilites shut down and are never heard of again... Remwmber only the government would know

What are the pros and cons of the US government debt? what can be consequences of government debt?

The difference between government debt and personal debt is that:? A. Government can print money to pay off its debt. B. Internal debt makes the citizens of that nation poorer. C. External debt makes the citizens of that nation richer. D. There is no difference between the two.

Given that the UK/US can just print more money, why is large government debt such a problem? Also, why does having large government debt threaten the UK’s triple A rating, given that the UK could create money to pay off debt? Interesting final thought, as the dollar is the world’s reserve currency, surely the US has more scope for “printing money” to pay off its national debt?

How many years will it take to pay back our government debt? At the end of Bush's term, I remember hearing it would take just under twenty years for us (and our kids) to pay back the national debt. From what I've read, Obama has just been spending spending spending. How do we reduce debt by spending more money, and at this rate, how long will it take to pay back?

What is the best way to lower any government's debt? Besides ceasing all spending and budget cuts, what would be some good ways or better ways you would run the government to start reducing the debt.

what did the national assembly decide must be dont to handle the huge government debt? a. they voted to take over and sel church lands b. they agreed to release the french catholic church from state control c. they immediately ended support of middle-class farmers and free trade d. they seized private property and reclaimed it as government land

In what way is the Government looking to change the Health care system, and how does it effect the debt? What are they changing, and what does it do to the Government's debt?

How will America repay $4 trillion dollars in additional government debt? Over the next 4 years, Barrack Obama will almost double the national debt. After the next election, will the Republicans be forced to spend $10 trillion dollars to balance the power? After we double our national debt over the next 4 years, how will we fix the situation? "Look at who hold most of that debt do we really have to pay them back?" Except the chinese hold less than $1 trillion of our debt (i think its $600 billion). And we're adding that much to the deficit...every year. The holder of the dollar....will be left holding the bag.

How many Million is there in a 28 Trillion dollar total in all government debt? Is it 28 million? The largest word for a number is Gogoplex? Obama got it wrong in the campaign.

Can someone explain the difference between government deficit and government debt?

How has Northern Rock managed to repay £13billion of government debt in one year? The bank now owes a balance £11billion ( this mornings news)

What worries your more, continued government spedning and debt or who knew what about waterboarding? the press seems to think waterboarding is more important that trillions of dollars of debt and rampant government spending.

What if the Government eliminated all Debt? Would this fix the economy? Lets say the U.S. Government declared that as of February 1st.. all businesses and individuals are completely FREE of their prior debts. This means any debt you get into after Feb. 1 you have to pay back. BUT you would be freed from all the debt you got into before Feb. 1. This would mean every person and business would get a clean slate and not own ANYONE money. What impact would this have on the economy? Please be as detailed as you like.

What is the difference between public debt, government debt, and national debt?

Is the government nationalizing debt and privatizing profit? The fed is throwing money at the stock market, the government is bailing out banks and the tax payer is getting the shaft in the end. What do you think?

How much government debt would you like to leave for future generations? http://usdebtclock.org/ "Hey, did you ask this question when Bush was DOUBLING the debt?" YES! I DID! I will never forgive him for signing the TARP / Bailout bill. By the way, Obama voted for that bill as well.

What is bad about the Government being in debt? What would happen if the Government was 100 Trillion in debt and not just around 10 trillion?

How does government control of national debt differ from socialism, which is control of national wealth? The rift that led to the Civil War can trace its roots to the difference of opinion between Thomas Jefferson and Alexander Hamilton. Hamilton, a Federalist, believed the new USA should assume all the war debts incurred by the states as a result of the war with England. He believed this would make the creditors loyal to the new country and invested in its success. Jefferson felt this gave too much power to the government. With bankers and the rich loyal to the federal government rather than the states, the federal government could use that power for coercion. This is pretty much the same argument that revolves around capitalism vs socialism. If a government controls wealth, it also controls the people. How does control of debt differ?

Is government debt defined as accumulated deficits minus accumulated surpluses?

How much debt would our government have to put our children in before ALL people in the US became angry? I am not talking about Democrats or Republicans. I am talking about the government as a whole. How much debt would our government have to put us in before every American said "ENOUGH"??

What does it mean if the US government defaults on their debt? What exactly does it mean for the US government to default on its debt?

Is there an actual government agency that does Debt Consolidation? I did a search but I keep getting other sites, I would like to see if there is an actual government agency that handles Debt Consolidation, any information is greatly appreciated!

Why did Alexander Hamilton want the federal government to have a larger debt? "Alexander Hamilton's basic purpose in all his financial measures was to strengthen the federal government by building up a larger national debt." My question: How would a larger national debt strengthen the federal government? This isn't my homework. I'm studying for a test and I can't find the answer.

Is there any Government debt relief for medical bills for someone who is unemployed?

What are some arguments AGAINST NEO-LIBERALISM AND SLAVERY TO GOVERNMENT DEBT? Why are liberals so dishonest? George H.W. Bush wasn't lying when he said "no new taxes".

Is the interest payment on Government Debt taken into consideration when calculating the GDP?

How is individual debt different from government debt?

How much is the Government debt REALLY? i have heard in the same 5 minutes our debt being either 600 bil 9 tril and 36 tril which is it and why are their so many COMPLETLY different numbers. no partisan BS no obama, mccain, bush ,pelosie just what each of those numbers mean

Why do some many of you conservative democrats around here think government debt is bad? The reason a person's debt is bad is because that person dies and don't want his kids to have to pay it. A country doesn't die so we can live forever with debt. Debt also devalues our dollar, while to much of this is bad, some devaluing is good because it makes our goods and services cheeper for other countries to buy thereby causing demand that would not have been there. We(America) sells t-bonds to foreginors to pay for this debt. These foreginors then have a stake in America and don't want to see us blown up. This are good things about debt. It also slows the growth of the government, which I like!! And for the record hippies, Clinton inherited a growing economy and handed off a declining economy. The reason he inherited a growing economy was from the tax cuts of the two previous prezs. I think it's funny when all you communist suddenly become conservatives when we have debt. For the record I don't like bush. He's not a conservative. He's a big government hippie too.

I keep getting unsolicited calls from companies flogging government funded loans for debt - any truth in them? I'm in the UK - Are they referring to a real debt bailout loan plan by the government or is it just sales patter? If it exists where can I find more info? I've heard of a similar plan in the US but not here.

Can large public debt causethe bankruptcy of the government,making it unable to meet its financial obligation? Can a large public debt cause the bankruptcy of the government,making it unable to meet its financial obligations? WHY?

What would happen if we never pay off the Government's debt? What would it cause? What would we be in risk of?

What lengths can the Government go to to recoup a debt? I used to work for a government department and when I left I asked them to check my final pay, as I felt it was incorrect. They told me it was checked but now, 7 months later I have received an invoice for a debt to them as it was incorrectly calculated. If I choose not to pay, does anyone know what steps they can take to recoup the debt? Can they go to the Tax office? Would it register as a default on my credit rating?

Why doesn't the government just print the amount of money we need to get out of debt? We are in trillions of dollars in debt, why can't the government go to the national treasury and just "make" what is needed? I know there is a reason we can't do that, but what is it?

How can you get out of Debt with Government Grants if some of the websites are Scams and are not secure? How can you tell if the website that you are not are not secure? Identity Theft?

are the exchange rates against the pound so bad as investors are worried about the uk and government debt? my reason for asking is the pound is only worth $1.56 dollars which seems like a really bad rate basically why are exchange rates so bad against the Pound

How did the National Assembly try to pay off the French government's debt? Did it work?

Is this government going into debt over their head like the subprime borrowers? Is it certain they cannot ever repay and, soon, cannot borrow from China or anywhere else. Watch the credit rating of usa drop and the dollar diasappear. Whatcha planning to use instead of dollars? But you don't get it, do you?

What is the opportunity cost of government spending on the interest of the national debt? What is the opportunity cost of government spending on the interest of the national debt?

Should government bureaucrats be enslaved until they work off our national debt? Several million people work for the government doing completely nonessential things. Should they be re-employed as laborers until they have paid their debt to society?

How long until other nations say "NO MORE" to financing our federal government's debt?

How does the government balance the debt and the budget? If the government doesn't balance the budget and get a surplus how is it done?

What will the United States Government Do To Pay Down Their National Debt? With an ever growing National Debt in the United States having now reached 8.4 Trillion Dollars and growing by 1.95 Billion Dollars per day what may a government do to control or even to pay down this debt? The National Debt of the United States has grown by 2.8 Trillion Dollars in the past six years placing every American Citizen with a personal National Debt of $28,000. Will the increasing National Debt eventually break the United States Government?

Do these cases of government debt and budget deficit indicate potential problems for the economy? Does the size of the government's debt and the size of the budget deficit indicate potential problems for the economy in any of these cases? 1. The government's debt is relatively low, but the government is running a large budget deficit as it builds a high-speed rail system to connect the major cities of the nation. 2. The government's debt is relatively high due to a recently ended deficit-financed war, but the government is now running only a small budget deficit. 3. The government's debt is relatively low, but the government is running a budget deficit to finance the interest payments on the debt.

What benefits do you see for a government in having debt? Do you think it is the job of a government to promote trade and manufacturing?

If I have medical debt, can the government take money out of my bank account without my consent? I've never had a bank account before and I wanted to open one up.. But the thing is, I have a little bit of medical debt. I don't want the government to randomly decide to take all of my money.. Can they do that? I've heard stories, but I'm not really sure...

Why do you stop spending money when you are in debt, but the government spends more money when in debt? When most people have no money in the bank, they've run their credit cards too high, and they can't pay the light bill they start cutting back on expenses and start looking for other ways to make money. Yet when the federal government has an already gigantic budget deficit, the government starts spending money like there is no tomorrow. When President Obama speaks of change he must not be referring to keeping a balanced budget, or am I missing something?

Why is Obama so Hell-bent on expanding our government and our debt when Americans want both reduced? While official Washington has seen many twists and turns in the legislative process this year, voter priorities have remained unchanged. Deficit reduction has remained number one for voters ever since President Obama listed his four top budget priorities in a speech to Congress in February. Forty-two percent (42%) say cutting the deficit in half by the end of the president's first term is most important.

Why don't our leaders and government officials take a pay cut to help national debt?

how does government debt work? when a government borrows money, you have to pay it back with interest but that means you pay more than what you have so where does that money come from?

Will my wife's debt to the government affect my tax refund? in past years before we were married my wife has had her tax refunds "intercepted" because of unpaid obligations to the government because of student loans. now that we are married, i was wondering if we file jointly will the government take all of the refund (even the taxes i paid) because she owes them? if that is the case would it be better to file married filing seperately or just file as single?

What would it take to make cuts in government spending to rid us of the national debt? You know that feeling get when you pay off a major bill and now you have extra money to spend that won't send you into further debt? What would it take to get our elected officials to spend our money that way? Social Security won't be able to meet its obligations soon. The national debt is at $8,644,121,120,053.27 today. Federal spending is $2.47 trillion, but out income is only $2.2 trillion. Doesn't that seem ridiculous? The prescription drug program is supposed to cost about $750B over ten years. We spent that much in INTEREST on the debt in the last two years alone! Just think, with no debt, we could outright afford this program, or we could not tax people and let them use the money as they see fit. How do we act on the debt? Do we spend less? Tax more? Continue to spiral into more debt; debt that is owned by foreign governments that could strategically "attack" us by refusing to finance our runaway spending. Should we fix this problem and if so, how?

If I could show you how to pay for government without any debt or any form of taxation what would you say? Remember. I just said, if I could show you a way to pay for government without either debt or taxes, what would you say? Not a hypothetical but a in black and white situation here. There are people who think they must pay taxes and that Democrats and Republicans must spend money like a crack addict looking for a fix in order to have the government services we have. There used to be people who thought that the wind would sheer the skin off of your face going 40 mph down the road in one of Henry Ford's automobiles. There will always be those who say this is impossible. Until they see it happening. But who cares what they would say. What do you say? Do you want to continue paying higher and higher taxes when there is a way out? Do you want to continue stealing money from the next generations to pay for our own fiscal irresponsibility? Or would you rather see all public debt eliminated and see all forms of taxation reduced systematically and still have government paid for?

how does buying a U.S savings bond increase the United States government debt? please provide precise answers!

Should the federal government bail me out of debt just like it's doing with all those billion dollar companies? Since the US Government/Bush administration is willing to bail out his friends or their companies out of debt shouldn't they be bailing us the people out of debt? Ultimately we are paying to bail out all those companies that we PAY for services or LOANS.

What was life like in the Soviet Union after the government defaulted on its debt? My real question is to ask you to speculate on what life in the United States will be like when the United States Government defaults on the $52 trillion is has borrowed. Will Military servicemen still get paid? What about Congressmen and Bureaucrats?

If the federal government has a current deficit will the current government debt ? increase, decrease, or remain constant....?

If the government runs a surplus, the total amount of government debt is? A) zero B) increasing C) decreasing D) Constant

how do Liberal expect to pay for government and the debt? if they raise taxes. Where will the revenue come from? maybe taking over business.

I repaid an overpayment debt to the Government last year, how do I claim that on my taxes? I received an overpayment while in the military which I've been paying back. I received a letter from the military saying I paid off $1,900 est of that repayment and I can claim that on my taxes. I plan on filing my taxes online (Turbotax/H&R Block) and I want to know where I can input this information.

Why is the country in such deep debt if the government can print money? I mean, they could just print out a couple trillion dollars and then we would be fine! I always wonder why they don't do this. Especially during economic recessions, and in the Great Depression.

Does the sterilization of reserves by central bank add to or substitute for government debt?

How are Northern Rock repaying its debt to the taxpayer when the Government is putting in another £3bn Can someone explain that to me? They're repaying the taxpayer's money, but the Government are putting in another £3billion...???? Huh? http://www.thisislondon.co.uk/news/article-23526309-details/Taxpayer to pump ANOTHER 3bn into Northern Rock as profits slump by 580m/article.do Chancellor Alistair Darling said the lender was facing a 'very difficult time' in common with other banks around the world but was repaying its debt. 'Northern Rock needs more share capital. It doesn't have shareholders now that... it's owned by the government, so it's got to come to us, so what we've said is that we will put in up to £3billion,' he told the BBC. 'We've got to get state aid approval for that so we can't give a precise figure, but up to £3billion may be necessary.'

Which is a better way of reducing government debt- raising income taxes or maxize profits? This is for another essay.:( I need 400-500 Words. It's pretty hard to pin point one and give a brief explaination *maximize... and I need a bit of an explaination.

If a government entity takes on bad debt, who pays for it? Does anything happen to the bankers? As an investor, I can be happy that my stock funds went up today. But as a citizen, what repercussions are there for companies who made lots of risky decisions and lost lots of money because of it? Will the bankers get to keep their high-paying positions? Will the companies be allowed to falter, thus leaving the more responsible ones to benefit from the fallout? Will citizens/taxpayers get stuck holding the bag for a new government entity?

Is "sovereign debt" the same thing as "government debt"? How is sovereign debt issued, and to whom?

Why can't I operate my house debt like the federal Government? All I need to do is crank up the printing press and I would have enough money to cover all my expenses. Why can I not act in the same fashion as the US Government?

Are there reall government grants to help people get out of debt?

does the government have any programs to help people with high credit card balances to get out of debt?

If the federal government has a current deficit, total government debt will? a. increase. b. decrease. c. remain constant. d. unable to determine from the information given

Is there any help from government to help pay child support and support debts? I have been continually taken to court for support arearage as I have not been able to acquire a job. Now my driver license is in jeopardy due to owed support. I heard that there may be government grants out there to help with these types of debts. Does anybody know anything about this? If so, can you direct me to where I can file for this type of help? I would appreciate all feedback. Thank you

Is there any truth to Free Government Grants that you can receive to help pay for credit card debt?

Would you buy government securities (bonds, savings bonds, t-bills etc.) to help pay off the national debt? I am doing research on government, money and the public. Would you purchase savings bonds, T-bills, notes, bonds, or TIPS from the government to help pay down the debt. I would also like answers from Canadians (please indicate if you are). Would you purchase Canada Savings Bonds, T- Bills, Notes and Bonds to help pay the Canadian Federal Debt? If you answer this question, can you answer this one as well? http://answers.yahoo.com/question/index;_ylt=Ar5FycHiD0piMzyvRUU_bFjsy6IX?qid=20061203045226AAnyq3t Thanks! To US users... take into mind that billions of dollars in interest payments flow to China and Japan because they own nearly 20% of the debt securities... (No I'm not trying to show any political colour here. This is part of my research) To answer William E's question. (Based on my Economics studies), by buying government securities increases demand for them, lowering the interest rate they set at thus (in theory) helps the government pay less interest. Also Savings Bonds have lower interest rates than the other securities which (in theory again) is cheaper for the government.

Why did the GOVERNMENT reject a plan to help Americans with Credit Card Debt? (ARTICLE LINK POSTED)? I dont understand they inject billions of dollars into these f*cking big corporations and yet they cant help what I beleive is the biggest reason why the economy sucks right now and thats the credit card debt many Americans are into. My scenario I have an Income of 30 grand a year. at the age of 19 I was offered over 20 grand in credit through 4 different credit card companies. of course my young immature Butt didnt know that this would haunt me 2 years later. But the point of the fact is these credit card companies are what I beleive are snakes. and our government has NO regulations with them for borrowing for the young ones who are not highly educated on the negative effects of having a high credit card debt. So my Question is Why is the Government bailing out BIG corporations while the AVERAGE AMERICAN is struggling with credit card debt? http://news.yahoo.com/s/ap/20081113/ap_on_bi_ge/meltdown_credit_cards

Is the Australian government still in debt?? I was just wondering, because I heard that all the people are in debt now because of the high taxes and GST…all that sort of thing, etc…so I was just wondering if the government is out of debt now. Thanks!

Russian Government defaulted on its debt to foreigners in 1998...? When the Russian government defaulted on its debt to foreigners in 1998, interest rates rose on bonds issued by many other developing countries. Why did this happen?? ?? Thanks

With all the Gov. Money out there, How can I get the goverment to help me with debt relief? With all the crazy spending going on out there, How can I get the government to help me with debt relief without filing bankrupcy... I've worked hard to have a good credit score, but my bills just keep piling up. I'm not a deadbeat, but I need help... and those credit agency are just another business to make more money.... Any advice??