DEBT

Cory H

Roxanne M

Tuesdee Ford

What is Debt???As per Webster's (http://www.merriam-webster.com/dictionary/debt)

Something owed such as;Money goodsServices

An “obligation” or liability to pay someone

Is this honestly what we think of when thinking about debt? (individuals, US, Globally?)

You Tube Video

How long has debt been around? Not a clear timeline for individuals or

government entities

Use debt to describe cost inWarNatural DisastersRampages of individualsFlagrant spending by political individuals

Political Consequences?

War Political infighting Effects of the people who are governed

San Antonio Debt Issues

Texas Debt Issues

United States Debt Issues

Debt is more than 16 trillionCongress Demanding cuts!!

Spending > Money taken in SS problem since 1970s Debt Ceiling Budget Control Act 2011

U.S. National Debt Clock : Real Time

United States Debt Issues

Current Administration VS Prior US Government borrows 40 Cents of every

$1 you spend Emergency spending with caps

Global Debt Issues

Credit reporting is downgradedChinaEuropeEven the United States

Developed Countries VS Underdeveloped Countries Panic Blaming Game

Who Suffers?

EVERYONE!!! Individuals

Families

@ United States

Who benefits?

Promoting the Problem?

Solutions