Purchase Solution

federal debt

Not what you're looking for?

Ask Custom Question

What's wrong with the following statement? One important reason why we can't pay off the $5 trillion federal debt is that most of that debt is held as wealth by American households, so paying it off would reduce the wealth of American households by trillions of dollars.

Purchase this Solution
Solution Summary

The expert examines federal debt statement importance. The debt wealth by American householders is determined.

Purchase this Solution
Free BrainMass Quizzes
Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

View More Free Quizzes
Related BrainMass Solutions

  • Federal Debt

    422523 Federal Debt Explain the relationship between federal debt and annual yearly surpluses or deficits.

  • Gross Federal Debt

    197229 Gross Federal Debt Is it possible for the gross federal debt to rise in dollar terms but decline as a percentage of GDP? Explain.

  • Fair Debt Collection and Federal Food, Drug, Cosmetic Act

    542635 Fair Debt Collection Practice Act and Federal Food, Drug, and Cosmetic Act How does the Fair Debt Collection Practices Act benefit consumers? Why was the Federal Food, Drug, and Cosmetic Act passed?

  • Federal Debt

    46377 Does the Federal Debt Matter? Does the Federal Debt Matter?

  • Deficit spending, debt and interest expense

    500750 Deficit spending, debt and interest expense 1. Suppose the federal government balanced the budget and no longer ran a deficit. Despite this action, interest on the federal debt is still substantial.

  • The Federal Reserve Bank controls the money supply and inter

    The Federal Reserve believes in increasing the debt ceiling. This would do nothing to help to reduce the national debt, which should be a goal of the Federal Reserve.

  • Federal Income Tax Structure Deciding Debt/Equity Financing

    118185 Federal Income Tax Structure Deciding Debt/Equity Financing How does the federal income tax structure impacts a business decision to finance with use of debt vs. equity?

  • Composition of U.S. Federal Debt

    Federal Debt Can anyone find the composition of U.S. federal debt? How much of our total debt is owed to foreign interests and what countries are the primary lenders?

  • Federal Budget Deficit

    143580 Federal Budget Deficit Taking business personally: Identify some policy change that you propose or oppose to reduce the federal government budget deficits and debt. Evaluate your position using the budget deficits and debt principle.

View More Related Solutions