A Note to AGS Visitors

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Americans for Gun Safety (AGS) and the AGS Foundation (AGSF) have been folded into Third Way, an organization founded and operated by the former AGS and AGSF management team.

For Third Way’s latest gun safety policy and message guidance, please visit our gun issues page. There you can also find reports produced by AGS in a special sub-category.

For current gun safety data and other information, we recommend the American Hunters and Shooters Association, the Brady Campaign to Prevent Gun Violence, the Coalition to Stop Gun Violence, and Mayors Against Illegal Guns.

Press inquiries:
Matt Bennett, Vice President for Public Affairs
202.775.3768 x212
mbennett@thirdway.org


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Product Details

Memo

Why Deficits Matter to American Families

The Pocketbook Impact of the Federal Deficit on the Middle-Class

Author: Anne Kim and Stephen Rose
In The Middle Class Program

Abstract

Conservatives say that deficits don’t matter, and they’ve spent the nation into a ditch to prove it. Under President Bush, the federal budget deficit is expected to reach an historic high of $1.1 trillion by 2011. We do the math to determine how this impacts the budget of average American families.

Description

For middle-class families, the deficit means two things:

• Paying as much as $1,700 a year in unnecessary interest for consumer debt and home mortgages; and

• One out of every twelve federal tax dollars spent by the federal government is wasted on making interest payments on the national debt.

Dick Cheney and other conservatives insist that “deficits don’t matter.” We lay out the real costs of deficits to average Americans.

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