National Debt and Fiscal Crises
Philip Klein, Executive Editor at the Washington Examiner, explained the projected national debt compared to GDP and idea of a fiscal crisis.
Description
Philip Klein, Executive Editor at the Washington Examiner, explained the projected national debt compared to GDP and idea of a fiscal crisis.
Bell Ringer Assignment
- Describe the current level of debt compared to Gross Domestic Product. How does this compare to previous times in U.S. history?
- What is meant by a fiscal crisis? What causes fiscal crises?
- What are problems with a fiscal crisis?
Additional Resources
Participants
Vocabulary
- Gross Domestic Product
- Inflation
- Interest Rate
- Investor
- National Debt
- Tax