Federal Debt Debate
The Federal debt will soon surpass $16.4 trillion, and we appear on track for another $600+ billion of deficit spending for the current fiscal year. Congress failed to pass a comprehensive fiscal package to address the so-called "fiscal cliff" late last year, but have already passed new legislation to permanently reduce Federal income taxes for most Americans, and raised the top income brackets for the top earners. And then there is the matter of the upcoming debt ceiling debate, the weak economy, and the possible effects of sequestration. The debate continues over whether or not these effective tax increases and automatic spending cuts will create a headwind on the economy and put us back into a recession this year. Recessions lead to lower tax revenues, higher expenditures, and result in more stress on deficit spending. Although it may feel like it, our budget issues are not new for the country, and there is a long and interesting history related to how we got to where we are today. Join this course where we will provide a brief a history of how we got so deeply in debt, review where tax revenues comes from, what we spend our tax dollars on, various budget proposals, and explore and quantify some specific "what ifs" to assess the possible effects of raising taxes and/or reducing spending in an attempt to rein in deficit spending.
Ron Workman has regularly taught courses on economic, finance, and legislative issues through LLCC and the former OLLI program at Cal Poly. Prior to returning to the central coast in 2002, he held several management positions over a 25 year period working for Silicon Valley companies that developed software products and computer systems. He is a 1977 graduate of Cal Poly, and is currently the owner of Coastview Financial in Pismo Beach. Ron is a CFP certificant and registered principal with LPL Financial. Securities offered through LPL Financial, Member FINRA/SIPC.
Registering for this course by buying a ticket will admit you to both sessions of this course at Ludwick Center Assembly Room, SLO :
Thursday, May 9 2:30pm - 4:30pm
Saturday, May 11 10am - 12 noon
If you are a member of LLCC and have a password, be sure to click on "Enter a Password or a Discount Code" to see the member price. Type in the password and click "show available tickets" to see the member price before you select the quantity of tickets.
Please purchase a separate ticket for each person so that we can have a record of all attendees.
Please remember to have Brown Paper Tickets send you a reminder for this course. You can do that before you begin the signup process. Look for the "Remind Me" section at the bottom right of this webpage. Thanks.
If you would like to have the password for the member price for this course, go to www.lifelearnerscc.org for information on how you can become a member
Ludwick Center Assembly Room (View)
864 Santa Rosa St.
San Luis Obispo, CA 93401
|Kid Friendly: No|
|Dog Friendly: No|
|Wheelchair Accessible: Yes!|