Monday, November 19, 2007

Traveling Economists Sound Alarm on Fiscal Crisis

You will be learning about fiscal policy and the public debt as you read Chapter 12 in your text. The Concord Coalition's "Fiscal Wake-Up Tour," is a series of forums designed to educate the public about the growing structural deficits that we will incur as a result of the impending retirement of the “Baby Boom” generation and rising health care costs. The star of the tour is David Walker, Comptroller General of the United States Government Accountability Office, which evaluates the performance of the federal government. Walker is dedicated to educating folks about the need for “generationally responsible” fiscal policy.

Can’t make it to the tour? Well you can watch recent tours by clicking here.

According to NPR: “The Fiscal Wake-Up Tour is ramping up its schedule in the coming months, trying to crowbar budget issues into the agendas of the presidential candidates. If they can get regular Americans to think about the budget, and start asking politicians for a solution, these budget experts will be satisfied.”

Extra Credit: How big is the national debt — plus the obligations the federal government has promised to pay out in the future? Cite your source. If you are the first student to send me an e-mail ( with the answer, you will be rewarded with two extra credit Discussion Board points. Only two points extra credit per student can be earned in any given week from the blog questions.

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