Off-balance-sheet Federal Liabilities

Please note: The following entry is from July 2009. While the numbers have changed over the past five months, the theoretical ideals presented remain timely and are relevant to the author's perspective and the ongoing debate about America's fiscal future.

The Future of the United States Budget

Prior to this discussion in class, I was extremely uneducated about the national debt situation. As much as I realize it is important to be knowledgeable in the debt crisis, as well as other national government problems, I felt overwhelmed by the subject. Because I have no economic or government background, I have never even had the basics explained to me.


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