This document discusses debt at various levels - individual, national, and global. It defines debt as something owed, usually money, goods, or services. It notes that debt has existed for governments and individuals throughout history, used to pay for things like wars, disasters, and excessive spending. The document outlines growing debt levels in Texas, the United States, and worldwide. It suggests everyone is negatively impacted, especially the poor and underdeveloped nations. Potential solutions proposed include budget controls, voting, education on personal finance, and living within means. It raises questions about whether solutions can curb growing debt problems.

1. Cory Hodsdon
Roxanne Martinez
Tuesdee Ford

2. What is Debt???
As per Webster's (http://www.merriam-webster.com/dictionary/debt)
 Something owed such as;
 Money
 goods
 Services
 An “obligation” or liability to pay someone
 Is this honestly what we think of when thinking about
debt? (individuals, US, Globally?)
You Tube Video

3. How long has debt been
around?
 Not a clear timeline for individuals or
government entities
 Use debt to describe cost in
 War
 Natural Disasters
 Rampages of individuals
 Flagrant spending by political individuals
Source # 9

4. Political Consequences?
 War
 Political infighting
 Effects of the people who are governed
○ Medicaid
○ Social Security
○ Health Reform
○ Small Businesses
○ Military Pay
Source #9

5. San Antonio Debt
 Democratic party pays
off debt
 Working on debt relief
 Working to lessen the
debt burden of the
poeple of SanAntonio
 Getting donations in
order to do so
Source #6

6. Texas Debt Issues
State of Texas Debt Clock
 37.71 Billion in outstanding debt!!! (2010)
 Texas budget cuts more than $4 billion
 from our schools and students
 not our ballooning state debt
 Texas Transportation needs
 Money spent on Parks and State Facilities

7. United States Debt Issues
U.S. National Debt Clock : Real Time
 Debt is more than 16 trillion
 Congress Demanding cuts!!
 Spending > Money taken in
 Social Security problem since
1970s
 Debt Ceiling
Source: #7 & 8

8. United States Debt Issues
 Current Administration VS
Prior
 US Government borrows 40 Cents of every
$1 you spend
 Emergency spending
Source #7 & 10

9. Global Debt Issues
World Debt Clocks
 Credit reporting is downgraded
 China
 Europe
 Even the United States
 Developed Countries VS Underdeveloped Countries
 Panic
 Blaming Game
Source # 6 & 9

10. Who Suffers?
 EVERYONE!!!  Globally
 Individuals  Underdeveloped countries
 Families  Poor
 Small Business
 United States
 Social Program  Mental Health related to
 Middle Class debt
 Poor
 Economy

11. Who benefits?
 Banks
 Big Corporations
 Government

12. Promoting the Problem?
 Living Beyond our  Retirement of “Baby
means Boomers”
 Aging populations  Voting
 Social Security  Less than 30% in 2010
 More healthcare debt elections in the US
 Decline in education  Blaming Game
quality
 Americans don’t know
alot about debt
Source #7 & 8 &10

13. Solutions
 Budget Control Act 2011
 VOTE!!
 Education on debt and avoidance of debt
 Sacrifice spending
 Living within our means
 Programs set in place through Government to limit
spending
 Sticking to a budget!!!
 Individuals
 Government

14. Discussion Questions
 Within the next 10 years, will the US still
have it’s current amount of debt or will the
plans and Budget Acts fix the problems we
face today? Or wll it get worse?
 How does personal debt effect you?
 U.S. debt?

15. References
1. http://www.youtube.com/watch?v=Kz6xG2YtyyE
2. http://www.usdebtclock.org/state-debt-clocks/state-of-texas-debt-clock.html
3. http://www.usdebtclock.org/
4. http://www.usdebtclock.org/world-debt-clock.html
5. http://www.merriam-webster.com/dictionary/debt
6. Chasnoff, B. Democrats pay off local party. [Print Photo]. Retrieved from
http://www.mysanantonio.com/news/local_news/article/Democratspay-off-local-
party-s-debt-2219791.php
7. Dell, S. (2005). Crisis management and the international debt problem.
JSTOR, 40(4), 655-688. doi: 40202317
8. Everything you wanted to know about the debt ceiling and its impact. (2011).
Hudson Valley Business Journal, 22(30), 6. Retrieved from EBSCOhost.
9. Ryan, F. (2011). United States needs serious solutions to solve our big problems.
Central Penn Business Journal, 27(10), 15. Retrieved from EBSCOhost.
10. Hersh, J. (2011). China: U.s. debt crisis is giving democracy a bad name.
Retrieved from http://www.huffingtonpost.com/2011/07/27/china-debt-crisis-
democracy_n_911301.html
11. Highlights of Budget Control Act. (2011). CQ Weekly, 69(32), 1761-1762.
12. State bond finance. (2010). Retrieved from
http://www.brb.state.tx.us/bfo/bfo.aspx