Presented Aug. 10, 2011 by John Olienyk, PhD, Senior Associate Dean, College of Business, Colorado State University. Posted w/Permission.

1. Overview of the National Economy Presented by John Olienyk, PhD Senior Associate Dean College of Business Colorado State University Burning Issues Lecture Series YMCA Camp of the Rockies Estes Park, Colorado August 10, 2011

2. http://research.stlouisfed.org/publications/net

3. http://research.stlouisfed.org/publications/net

4. http://www.kansascityfed.org/publicat/speeches/2011-henderson-seward-jones-bank-3-15.pdf

5. Inflation (CPI) % change from year ago All Items Excluding Food and Energy http://research.stlouisfed.org/publications/net

6. http://research.stlouisfed.org/publications/net

7. Duration of Unemployment Percent of labor force > 15 weeks left scale Median right scale < 5 weeks left scale http://research.stlouisfed.org/publications/net

8. Federal Debt $ trillion

9. Federal Budget http://research.stlouisfed.org/publications/net/

10. Growth in Federal Debt by Presidential Term http://en.wikipedia.org/wiki/National_debt_by_U.S._presidential_terms

11. Growth in Federal Debt by Presidential Term http://en.wikipedia.org/wiki/National_debt_by_U.S._presidential_terms

12. http://zfacts.com/p/318.html

13. Federal Debt as Percentage of GDP

14. Pres. Obama’s 2012 Budget Proposal FY 2012 receipts (revenues) ~$2.6 trillion FY 2012 expenditures ~$3.7 trillion Defense spending ~5% of GDP (20%) Social Security spending ~5% of GDP (21%) Health care programs (Medicare, Medicaid, CHIP) ~6% of GDP (23%) Unemployment compensation & welfare programs ~4% of GDP (14%) Interest on federal debt ~2% of GDP (7%) Other ~4% of GDP (15%) Budget deficit ~$1.1 trillion ~7% of GDP

15. FY 2011 Budget http://www.cbpp.org/cms/index.cfm?fa=view&id=1258Center on Budget and Policy Priorities

16. The Debt Ceiling Compromise