US fiscal deficit Annotated Bibliography Example | Topics and Well Written Essays - 750 words

US fiscal deficit - Annotated Bibliography Example "Long Term Fiscal Imbalances, Us External Liabilities and Future Living Standards". The Long-Term International Economic Position of the United States. By Bergsten, C. Fred. 1st Ed. New York: Peterson Institute, 2009. 11 - 23. Print. This chapter of the book focuses on the rising deficit of USA , decreasing savings among corporate and households and increasing external debt liabilities of USA. It explores the interrelationship among the three. It warns that exports from USA are continually decreasing with the rise of China which makes our external debt huge. This external debt coupled with fiscal deficit can cause problems for the economy in future if the saving rate does not increase. Conason, Joe. "Dick Cheney was right : Deficits dont matter and Republicans who are complaining about Barak Obamas spending are hypocrites." 2009. Web. 19 Mar 2013. . This article is about 2 major points. The first point which has been raised is that although Republicans are having been responsible for raising most of the United States debt. The second point mentioned is that national debt does not really matter provided that it is incurred to create long term growth for the country. Productive debt which kick starts the economy is much more beneficial in the long term which more than covers the short term negative effects of the debt. Concordcoalition.org. "Understanding the Federal Debt Limit | The Concord Coalition." 2013. Web. 19 Mar 2013. .