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Course Description

The current budget is $5 trillion and the federal debt is $22 trillion ($90 thousand per US adult). What we don't know, we can't change. Would you write a check every day without knowing what you are buying??? This is an examination of what makes up the federal budget, benefits of the budget to North Carolina, the impact of the increasing federal debt, and a perspective on possible future events. The course objective is to "simplify" the federal budget by discussing the timing/type of decisions that go into creating it, the "trade-offs" and "IOUs" involved, what “balance the budget” means, the choices/impacts (e.g., Medicare) of the budget process, and what happens when the unexpected occurs (e.g. hurricanes, pandemic flu, stock market crash). The course will be interactive and participants will get to "decide" on proposed budget actions to send to “DC” to decide if we “can have our cake and eat it too.”  Lecture (plus Questions) Facilitated Discussion 
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Section Title
Federal Budget & Debt: So What?
Type
Classroom
Days
M
Time
11:00AM to 12:30PM
Dates
Sep 16, 2019 to Sep 23, 2019
Schedule and Location
Contact Hours
3.0
Delivery Options
Classroom  
Course Fees
Instructors
Section Notes

Recommended Texts/Reading:

1. Committee for Responsible Budgeting website (https://www.crfb.org/)

2. Peterson-Pew Commission on Budget Reform website (http://budgetreform.org/)

3. White House Budget website (https://www.whitehouse.gov/omb/budget/)

4. Congressional Research Service's "Introduction to the Federal Budget Process" (https://fas.org/sgp/crs/misc/98-721.pdf) and may add/change prior to actual class start date based on most recent updates and information on-line.