Paul Ryan: Need to Lift Debt Burden To Get Economy Back on Track

Congressman, good morning. Thanks for your time today. What will you tell the president today at the White House? Congressman Ryan: Well we want ...

how do you calculate the economy's relative debt burden? I have the annual gdp ,and growing rate,and debt.

Sep 27, 2007 by Maggy | Posted in Economics

annual GDP 5 trillion, economy is growing at a rate of 3%per year. and has a government debt of 3 trillion.

How much of a deficit can this government have each year and still maintain the current relative debt burden...So how do I do both of these.. Calculate the relative debt burden, and calculate how much of a deficit it can have each year and still maintain that relative debt burden? Please help this course is about over and thanks to all of you I might pass..

Examples of debt burden indicators include the (a) debt to GDP ratio, (b) foreign debt to exports ratio, (c) government debt to current fiscal revenue ratio etc. This set of indicators also covers the structure of the outstanding debt including the (d) share of foreign debt, (e) short-term debt, and (f) concessional debt in the total debt stock

By the information you provided i assume you are talking about Debt/GDP ratio:
Debt/GDP ratio = 100(government debt / GDP)

Who Said: "When we add an additional trillion dollars to the debt, the burden of the taxpayer...."?

Sep 22, 2008 by FBH | Posted in Politics

Who was it that said: "When we add an additional trillion dollars to the debt, the burden of the taxpayer, sooner or later there's got to be a reckoning," ?

Was that Senator Shelby?

What is the burden of an internally financed debt?

Mar 18, 2008 by Maria G | Posted in Personal Finance

What is the burden of an internally financed debt?

What is internally financied debt?

How much of a burden is credit crad debt when you apply for a mortgage?

Aug 04, 2006 by todd | Posted in Credit

I racked up considerable credit card debt in college. Yet I am very good about paying in every month and have never defualted or been late with a payment for ANY kind of debt. My income is above average but my total debt is about 1/4 of my income. how much of a problem does the bank view this as?

Mortgage loan investors establish guidelines for acceptable debt to income levels. The industry standard is 36% of your income, including your mortgage payment, property taxes and homeowners insurance. With the advent of automated underwriting these guidelines are no longer the "hard and fast rule".

Mortgage lending is a risk based industry. The higher your loan to value (the less down payment you provide) the stronger your credit history, cash reserve position, and more important your debt to income ratio become.

There are a number of compensating factors for a high debt to income ratio that automated underwriting considers and that a manual underwriter may consider. Things like high credit scores, excellent cash reserve (available cash remaining after closing, job stability with a proven history of pay increases, or, as perhaps may be your case, completion of studies allowing you to enter into a field with a higher projected income, all factor in.

A consultation with a mortgage banker will enable you to determine your qualifying abilities.

why does the philippines worsen its debt burden? can you offer a solutions to have a better debt management?

Nov 25, 2008 by jerry l | Posted in Personal Finance

Why does the philippines worsen its debt burden?

May 15, 2008 by de tamz | Posted in Economics

In your sitation,I would like to suggest you have a look here.http://debt-consolidation.featured-resources.info/debt-consolidation-loan-review.html

What are the circumstances under which the public debt could be a burden to future generations?

Jun 25, 2007 by sis79 | Posted in Economics

could you not think of a simpler question?
one that has a definitive answer?

be careful who we put into the white house or we may see more of a burden this generation.

Huge debt burden?

Sep 09, 2007 by nomoredrama | Posted in Higher Education (University +)

I am about to graduate with a bachelor's in finance from a pretty good school but I've racked up about 70k worth of debt. I've estimated that my starting salary will only be about 45k-50k. Is there anyone else out there in the same predicament? How are you handling this? What's my best path to relieve myself of this burden? Also, I would like to go to graduate school someday but I'm afraid if I add that on top of my current debt I'll drown.

Oh I'm in your boat. I think right now what you need to consider are a few options.

1. Consider getting your loans consolidated. If you loans were all from federal aid, it's possible to get them all lumped into one loan with a better interest rate, and then make a payment plan with them.

2. If you have private loans, consider consolidating them as well if possible.

3. Start looking for cheap housing. Free up as much money as possible before you graduate. If you look into renting for 300-400 a month, all utilities included, you'll be able to set up a budget every month to determine what is needed for bills/necessities, savings, and loan payments.

4. Work a couple of years before going to grad school. That's what I'm doing. In fact (this is a very important part) so many people fly straight into grad school incurring more debt that they fail to realize that there are some employers who will PAY for you to go to grad school. As long as you are okay with going to the school they pick, they pay for your tuition, fees, and books (as long as your grades are high). During this time, they may ask that you work there for 1 0r 2 years before going to grad school.

What I am going to be doing is working a lot before I graduate and save. I'm already putting in money into a savings every month to help pay for my loans 2 years from now when the first bill comes. I've also cut my expenses down by getting a job that is closer to home (cuts on gas), I pay less in rent, and I got a higher paying job. All of those things allowed me to save on 350 every month.

Also, consider sitting down with a financial advisor who will do a free consultation. Explain your concerns and then you'll be able to come up with a reasonable plan to help pay off your loans in 5-7 years (yes it IS possible) and still save money. Talk to your loan companies and see if they will be willing to work with you as well.

Why would anyone in these times want to burden themselfs or their family with a huge debt? ?

Nov 10, 2008 by yssupkcusi | Posted in Other - Cars & Transportation

Why would anybody in their right minds want to burden themselves with huge debts like buying a new car when they will have huge payments and not to mention the cost of full coverage insurance on top of that? why would you?
Especially when the auto companies caused everyone to loose their jobs by jumping on the band wagon to take jobs out of the U.S.A.

Often times it isn't a matter of want but of a perceived need. On the other hand, if we don't spend on large purchases the economy tanks very quickly. US automakers took their jobs overseas to compete with the cheap labor of the Japanese and Koreans. People bought Honda, Toyota, and all the other foreign cars instead of GM, Ford, and Chrysler. It is a double edged sword for them. Lower cost to produce in order to compete thus losing US jobs, or don't sell their cars because the price is too high and cut labor with layoffs. If you drive a foreign car YOU contributed!

Is the burden of the US national debt getting better or worse?

Dec 03, 2007 by captainobvious_lj | Posted in Politics

In case this question is too hard, here's another: after borrowing money to put an addition on my house, my mortgage debt has gone up, but the value of my house has gone up MORE. Am I going bankrupt?
sorry nich is does qualify

Debt means nothing not in context of GDP..
After WW-2, publicly held debt was 121% GDP; although the debt level has increased many times over since then, the debt ratio has dropped to 37.5% because of sixty years of economic growth.
currently the deficit is falling and GDP is outpacing interest growth. therefore the math is not in any of yalls favor.

Using your personal example, it all depends.
Has your personal income increased to pay back the debt? If you personal income has gone down and you increase you debt, then you are headed toward a liquidity problem.
A number of other factors are involve in the national debt other than asset value. There are no hard assets backing up the national debt. The only collateral is future earnings from taxes. Future earnings are impossible to predict. Also, future financial obligations are impossible to predict.
Take the current financial worries facing the nation. There is a credit squeeze threatening to shut down the economy. A federal bailout is being planned as we speak. What will be the cost to the federal government. How much more federal debt will be added just to keep expansion at its current level?
A major problem with piling up national debt is that repayment is dependent on an unpredictable private economic market.
Look how fast a budget surplus turned into a budget deficit after the tech bubble bursting 7 years ago. A lot of capital investment was lost then. Much more capital has been lost to the subprime meltdown.
Neither of these events were caused by the government. the private sector managed to screw up on its own. This time around, however, its severe enough for even the Bush administration to believe a federal bailout is needed.