How big is our nation’s debt? What does it mean for our economy? Faculty members weigh in on how to tame America’s fiscal beast.
Business & Economy - Recession 
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Recession Features
Biz LINGO: What is a "moral hazard"?
OK, we admit it. Sometimes the business world gets a bit bogged down in jargon. But...
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Is today really just yesterday?
Michael Brandl is a senior lecturer in the Department of Finance in the McCombs School...
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LBJ professor says economic prosperity could take years
James K. Galbraith suggests too much attention is given to when recessions...
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Professor says bringing unemployment rate below 9 percent will be “a struggle”
Professor says bringing unemployment rate below 9 percent will be ���¢�¯�¿�½�¯�¿�½a...
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LBJ Chair talks about the state of financial institutions
As part of its $700-billion bank bailout, the U.S. government is injecting $45 billion...
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If I make $10 a day but spend $15 a day I have a $5 deficit. I have to cut my spending down to below $10 a day or I have to make more than $10 a day. I'm going to get a second job now.
America needs to simply stop importing anything that can be made in the U.S. Stop sending our dollars to foreign nations. We need to start exporting more in order to benefit our citizens. Tax cuts are good but they are not as great as they sound. It will save the people of America money, but it makes our government suffer. Instead of lending money to other countries and spending on programs that are not helping our people, we need to start spending more on infrastructure. This will create jobs on our soil and will create wealth because someone in our country will have that money to spend. The debt ceiling problem should have never even been an argument in congress. America maxed out its credit cards, and now in order to pay its bills, it has asked its creditors to issue another credit card with a 2.4 trillion dollar limit. If the everyday American citizen cannot do this and maintain their credit, what gives the government the right to do so?