Over the past decade, there has been a rapid rise in the U.S. federal debt, exacerbated by increased federal spending and lowered federal taxes. These policy decisions have driven the U.S. debt-to-GDP ratio over 100%, an unprecedented level that may serve to stifle future economic growth. Our paper analyzes the Debt Fixer, a tool that allows students to easily examine policy proposals regarding federal spending and taxation and their effects on debt levels. The tool provides educators with a simple and impactful method of engaging students with a meaningful understanding of the balance between federal spending and taxation programs.
Daniel M. Settlage and Jim R. Wollscheid
Settlage, D., & Wollscheid, J. (2021). Teaching with the Debt Fixer: An Interactive Online Tool to Manage the National Debt. Journal of Economics Teaching, 5(4), 152-170. DOI: 10.58311/jeconteach/acff4b11763c1efa0b6d382a58a76a7275989dc3