The Consequences Of The National Debt

The Consequences Of The National Debt
If there is one thing that is known about the national debt, it is that it goes hand in hand with
Millennials. It is a shame to think that our country's debt will be forced onto the younger generation,
and we will ultimately be the ones who have to fix the situation or deal with the consequences. To
be clear, the term millennial usually refers to someone who is in the 18 to 34 age bracket.
Millennials are also the first generation after the baby boomers. We are now facing a time when the
national debt is growing faster than the American population, and this affects everyone.
To put this into perspective, the national debt crisis will have some effect on most college students.
Young adults who are trying to find their first job and begin their
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Debt Vs National Debt
Many U.S. Citizens are familiar with the ever ominous United States Debt Clock, continuously
increasing. As of 31 March 2016, the U.S. Debt is at approximately 19.2 trillion United States
dollars and increasing (U.S. National Debt Clock: Real Time). The national debt crisis is almost
constantly mentioned and debated in the media. Much speculation about how congress plans to
reduce the debt deficit is making headlines. Last, December, the Republican led Congress passed
legislation for the Tax and Spending deal (Pelosi). Unfortunately, the legislation will increase the
federal deficit by 2 trillion United States dollars over the next two decades (Pelosi). With debt
increasing rampantly, congress has been under tremendous strain to pass any legislation ... Show
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Many cite Democratic–Socialism runs crossgrain to the American way of life. According to
FeelTheBern.org, many of the procedures and taxes Sanders' seeks to implement have already
existed in America under Republican administrations in the Cold War (Bernie Sanders on the
Federal Budget & National Debt), where socialism was the Red Devil. Other, strategies Bernie
Sanders believes will rejuvenate the American economy while lowering debt seems polar to John
Kasich's straightforward cut and cut cut again policy. Sanders wants to expand entitlement
programs, rebuild America's decaying infrastructure, and eliminate higher public education costs
(How Bernie Sanders Pays for His Proposals). Sanders' suggests that these programs will add jobs
to millions of Americans, lift up young Americans, and will be a tremendous return on investment
(Bernie Sanders on the Federal Budget & National Debt). How will he pay for this? Sanders says by
making the upper class and corporations pay their fair share into the system, decreasing defense
spending, all the while giving the middle class American some fresh air (How Bernie Sanders Pays
for His

Essay on National Debt
National Debt: It is Not Just a Number, It is Our Future
Miranda Rosenbaum
Macroeconomics
Professor C. Simkonis
April 29, 2008
Rosenbaum 1
As a nation, America has accumulated a tremendous amount of debt which will affect not only the
lives of the current citizens, but generations thereafter. Currently, the United States public debt is
approximately $9.5 trillion, in long form, that's $9,500,000,000,000. This ridiculous amount of
money is a historical accumulation of misappropriated surpluses and exacerbated deficits. It is
important for American citizens to not only understand the national debt concept, but also
understand the causes and effects that lead to this ... Show more content on Helpwriting.net ...
Less wages results in less spending and significantly slows the economy. Furthermore, companies
such as General Motors began to invest in more service industry sectors such as banks and sales
rather than manufacturing. The demand for service remained the same because the population did
not change drastically, but the supply of service employees increased, thus driving wages
ridiculously low. Also, many people have been laid off of their manufacturing job and depend on
government programs such as Welfare and Unemployment to provide food and shelter for their
families. This has caused the government to increase spending by using an expansionary approach
and once again increase borrowing to fuel these programs. Even worse, the cycle does not stop
there. Our government is currently servicing the debt by borrowing additional funds from
Rosenbaum 4 foreigners just to pay interest on the current debt. On average, its approximately $1.4
billion in interest per day! According to Bradley Schiller, a United States economist, when the Euro
was first implemented by the United Nations in European countries, the dollar bill was worth
approximately 1.10 Euros. But with the increase in national debt and monetizing, inflation has
caused the dollar to plummet to a measly .64 Euros. That's almost half of what it was worth before!
A normal European hotel room could dent

The American National Debt Crisis
Introduction
In brief, citizens and companies will get a loan from a bank but when the US Government needs a
loan it issues debt by selling Treasury financial instruments to other federal government agencies,
people, companies, state– and local–governments, as well as to such equivalents abroad (Bureau of
the Fiscal Service, 2013). The deficit is the ratio of spending and revenues in one year, but the
national debt or federal debt is the sum of all previous deficits, less whatever sum the federal
government has subsequently repaid. Hence, every annual government deficit due to borrowing is
added to the national (federal) debt. A government surplus can reduce some of the national debt.
Annually, the national debt incurs interest to be paid by the government which is linked to overall
government spending (National Priorities Project, 2016).
This paper will present and discuss the American national debt situation, propose two possible
solutions and finally will endeavor to steer a conclusion as to which solution to follow.
Current national debt policy and issue
The United States (US) has a rising national or government debt (Nanto, 2011, p. 4), which in 2010
for example stood at $13.6 trillion (The Heritage Foundation et al., 2010) and in mid–2015 stood at
$18.153 trillion (National Priorities Project, 2016). Combined with its future forecast (i.e. at $22.4
trillion by the end of this year of 2016, Chantrill, 2016) the national debt is unsustainable and the
US is confronted

Developing A High National Debt
Societies rely on the government to serve and protect them. This is traditionally seen through
policies and laws made by politicians. Economically speaking, in the United States, the government
plays an important role in preventing the domination of private business to regulate labor and wages
by implementing safety nets such as minimum wage. In order to serve its purpose, the government
must have money to pay for various programs, but if the government continuously accrues deficits
on the budget they will build up a national debt. Economists have theories about how people will
react in situations where there is a high national debt and the government attempts to overcome it
commonly referred to as the Conventional and the Ricardian theories. These theories are developed
to attempt to determine how people will react and determine why it actually matters to be concerned
about a high national debt. By understanding the theories and the motives for developing you can
find meaning in the calculations for developing a solution to high national debt.
In the professional and academic community, two main theories exist that examine the human
behavior that would occur in a situation where the government uses taxes to influence the budget
deficit. The most common perspective of the national debt by economists is known as the
Conventional theory. The theory develops conclusions for the short–term and long–term effects of a
high national debt on the society's economy. If a

National Debt Analysis
Today, the U.S. National Debt stands at nearly $20 trillion dollars. That equals $165,000 of debt per
taxpayer (Chantrill). Ever since the National Debt started to get tracked in 1790 it has fluctuated.
However, it has steadily grown since The Great Recession of 2008 (Phillips). This paper will
provide background information in terms of the debt. It will also provide an overview of the
National Debt, who/what has caused the Debt to be as high as it is, effects of the Debt, and possible
solutions that could decrease the Debt. Background Information The U.S. National Debt started to
get tracked in the year 1790 (Phillips). As a percentage of GDP the U.S. stood at 29.6%. After 1790
the debt began to steadily decline until The Civil War occurred. ... Show more content on
Helpwriting.net ...
One of those solutions is raising taxes. The additional revenue that is generated due to this can be
contributed towards the National Debt. Although this is a possibility, "Congress is more likely to
curtail benefits than raise taxes" (Amadeo). Also, the amount of money that Congress is allowed to
spend can be decreased. This would lead to less money being added to the evergrowing debt.
Finally, tax cuts/stimulus packages can be reduced/eliminated. They are beneficial in the short–term.
Nevertheless, if the United States wants to solve its debt problem it will have to address the causes
associated with

National Debt In America
The National Debt in America has been a major concern for many years. The United States has
spent a large amount of money, accumulating trillions of dollars in national debt. The United States
national debt is the sum total of all deficits. National debt poses a threat to future generations. While
the majority of Americans recognize that debt is not a good thing. Yet, many Americans grapple
with comprehending the theories of the national debt and deficit. More importantly, if Americans
were enlightened about the economic policy they could relieve the economy. If the government
could find a balance between creating more revenue and spending less money, educating the public
of the national debt. Americans could reduce the amount of federal budget deficit and the national
debt. ... Show more content on Helpwriting.net ...
Despite America being in trillions of dollars' worth of debt the government continues to borrow
more money and surprisingly functions. Foreign countries continue to lend the United States money
because the economy of other nations would plummet. Other countries are just as dependent on the
American economy flourishing as Americans are. With regards to this, the public debt and deficit
will be increased if a nation goes over budget. The deficit is the amount of money the nation has
spent versus the amount of money a nation has earned. Public debt is how much the government has
borrowed from other countries and has not payed back. Both the national debt and the deficit affect
each other. Generally, government debt increases from spending and decreases from taxes.
However, government debt fluctuates throughout the course of a year. For example, if a nation
spends more than budgeted they will increase the debt. In a like manner, if a nation goes under the
national debt they will reduce the

Deficit Vs National Debt
Although many people presume they can use the terms "deficit" and "debt" interchangeably, the
difference between the two is actually quite simple; a deficit is a term used to describe when more
money is spent than is received. On the other hand, the national debt is the total amount that the
government has borrowed, and has failed to pay back. The current national debt has risen to over
$18 trillion, while the current national deficit is at $468 billion. The national debt has a large effect
on the United States in three major ways: the distribution of income, the transfer of purchasing
power, and the crowding out effect. Theoretically, if the government were to borrow money from
the rich to pay for the middle class's taxes, the upper

The Pros And Cons Of The National Debt
Allie Mitchell
Professor Holste
Humanities 115, Section 9
20 November 2017
TITLE
In today's society, the national debt is a hot topic. Many, like myself, view the national debt as a
problem. However, though some oppose the national debt in words, their actions indicate otherwise.
To illustrate, statistics show that the national debt has jumped from "$925 billion in 1982 to almost
$14.4 trillion in 2017" (Benjamin 701). I truly believe the national debt to be a hinderance to
America with significant side effects. First of all, the national debt hurts the economy. In order to
give context, the national debt is "debt held by the public" but also includes 'intragovernmental
debt" (Benjamin 704). This debt includes loans from investors, foreign countries, and U.S. citizens
(Benjamin 704). Experts have determined that when the national debt becomes as big or bigger than
the economy that America is in trouble (Benjamin 701). A national as well as a global financial
crisis could occur because of America's enormous debt. The question is then raised: Why does the
government continue to borrow money instead of paying off the debt? One reason is financial crises.
When something unexpected happens, unemployment usually skyrockets. Therefore, tax revenues
and other sources of government income are decreased which causes them to borrow more to meet
the financial need (Benjamin 704). Besides unemployment, higher taxes and interest rates occur
during a financial crisis which

The U.s. National Debt
The U.S. national debt is very large at more than three–quarters the size of the economy–and
growing federal spending, especially on entitlements, is quickly driving the debt to damaging levels.
Federal spending was about 23 percent of the GDP in 2012–far above the historical average of 20.2
percent. It is projected to surge to nearly 36 percent in less than one generation. The government
debt must be limited in some way or else our economy will face devastating consequences. The
government debt has had its highs and lows throughout history in comparison to the GDP, and to
reduce it, we must minimize spending on entitlements such as Social Security and Medicare.
Since its inception, the United States of America has had fluctuating amounts of debt. High points
usually follow in the wake of war or recessions, and low points usually occur in times of relative
stability in the U.S. Recently, however, the United States has amassed over 18 trillion dollars in
debt. The national debt has been rising steadily since the 1970's and experienced a large growth
around the year 2009. From the years 1929 to 2009, the Debt to GDP ratio was approximately 48
percent on average (excluding the years within the World War II era), while from 2009–2014 the
Debt to GDP ratio was approximately 97 percent. This increase was most likely the result of
increased defense/war spending, the Obama's American Recovery and Reinvestment Act, and the
Troubled Asset Relief Program. All of these events

National Debt
From the moment they become old enough to be aware that money is limited, young people today
are taught to avoid getting into debt. Horror stories of payment defaults, exorbitant interest rates,
and ruined credit are passed from generation to generation, and along with it, sentiments of disgust
and panic toward the large and seemingly never–decreasing number that is the national debt of the
United States of America. Yet, it cannot be said that all debt is bad; student loans taken as an
investment in the future, or a mortgage on a house –– there are plenty of examples of how deficit
spending can be a valuable practice, and the first Secretary of the Treasury was a strong proponent
of that view when it came to government spending.
In the wake of the shambles that was the post–Revolutionary economy, Alexander ... Show more
content on Helpwriting.net ...
The largest debt holders (entities to which the federal government owes money) of the public debt
are foreign governments and investors (about $6 trillion), the US Federal Reserve ($2.5 trillion),
various mutual funds (about $1 trillion), and state or local governments ($800 billion) [7]. The
remaining one–third of the debt is classified as intragovernmental holdings, which are accumulated
when the Treasury borrows from trust funds financing specific government programs for use in the
general budget [6]. For example, the Social Security ran a surplus while the baby boomers were in
their working prime and tax revenue was high, so the government has historically been able to
borrow from the Social Security and Disability Trust Funds to pay for other expenditures [8]. As a
result, Social Security is the single largest stakeholder in the national debt holding securities worth
$2.8 trillion. Other government accounts that are owed money include the Office of Personnel
Management and the Military Retirement Fund

National Student Debt
RESOLUTION ANALYSIS
Background of Controversy: As the cost of education is on the rise students and their parents are
trying to come up with the money to go to college. The usual steps are to seek grants from the
government, private organizations, and from organizations setup through the colleges themselves.
There are also loans that are made through the private sector and those from government based
organizations. Some students go as far as trying to pay for college using credit cards. In the end
students seeking higher education graduate with enormous debt, creating a larger burden on the
economy and those struggling to pay off these bills. If the situation concerning the national student
debt is not handled correctly then this ... Show more content on Helpwriting.net ...
This shows that there is a direct correlation between the two. (causation)
Sub Claim B: The national student debt is a harmful problem because students' life choices will be
impacted by debt burden.
Grounds B1: A summary of President Barack Obama's speech presented by Christopher Hass,
"President Obama on Higher Education and Reforming Student Loans," published in April 2009 by
My.BarackObama.com, "There are few things as fundamental to the American Dream or as essential
for America 's success as a good education. This has never been more true than it is today. At a time
when our children are competing with kids in China and India, the best job qualification you can
have is a college degree or advanced training. If you do have that kind of education, then you 're
well prepared for the future –– because half of the fastest growing jobs in America require a
Bachelor 's degree or more. And if you don 't have a college degree, you 're more than twice as
likely to be unemployed as somebody who does. So the stakes could not be higher for young people
like Stephanie."
"And yet, in a paradox of American life, at the very moment it 's never been more important to have
a quality higher education, the cost of that kind of that kind of education has never been higher.
Over the

The Value Of The National Debt
The Actual National Debt
When the economists talk about the national debt, they talk about the ratio of the national debt to the
Gross Domestic Product. Well, why do they compare those two concepts, instead of just giving us
the sum of the national debt?
In order to answer this question we will have to define what is the national debt, and what is the
GDP.
The National Debt
The National Debt is the sum of all past federal deficits, minus any surpluses. (Rittenberg, L. and
Tregarthen, T., 2012). To put it another way, it is how much the country owns; to banks, foreign
governments, and even private lenders.
The Gross Domestic Product
Gross Domestic Product (GDP), on the other hand, is a measure of the total value of all goods
produced in a country each year. In a sense it is the total income of a country in a year, but not the
total income of the government, since they collect only part of the GDP in tax revenues each year.
Why GDP is Relevant
Consequently, the national debt compares to the national income, as a percentage of the total GDP;
for the reason that the GDP serves as a benchmark against which we can compare with the debt,
without the necessity of knowing anything about the country's state of the economy.
Quite similar practices are being employed by the banks when lending to the consumers; the banks
will only lend to a certain percentage of our after tax incomes.
As an example; let's assume that a household yearly income is a $100.000; if they decide to apply
for

Benefits Of The National Debt
The National Debt is the sum total of all deficit. This is the amount of money that is over the budget
and money that is borrowed from other countries to help in our financial needs. The deficit effects
our country by the government doing what they believe is best for the country and spending more
than what the country makes. The United States ends up having more than what we needed to
survive and having to throw away more or most of those goods rather than repairing it or just getting
enough to that would be needed to feed our country. This creates debt and increases it the more that
the people or the economy is in risk of a recession or a depression. With the increase of the deficit,
have found three reasons to believe have caused an increase.

National Debt Failure
The national debt has risen consistently over the past decade. It's my opinion that the central bank or
Federal Reserve System is responsible for the nation's debt. The hardest hit to our national financial
infrastructure happened June 5, 1933, the day The United States under executive order removed the
gold standard. Removed from the gold standard the United States currency was in the past and to
date is backed by speculation and debt. The key claim presented by, The Week states, "six factors
that hit the nation's bottom line," causing the national debt. Although the focus was on a debt had
already developed, sighting a move from $5.8 trillion (2001) to 14.3 trillion (2011). The evidence to
support this claim sums up only $5.7 trillion

Us National Debt Essay
The U.S. National Debt
The national debt is the total amount of money the United States Treasury Department has borrowed
and currently owes to the federal government's creditors (Sylla). These creditors are mostly
comprised of the public, including individuals, corporations, as well as state, local and foreign
governments. They also consist of various government trust funds, such as Social Security and
Medicare. Additionally, they include the Federal Reserve, mostly in the form of treasury bonds, bills
and notes. Currently, the U.S. national debt is estimated to be $8.5 trillion (ZFacts). This ever–
growing figure brings with it several social and economic implications. Therefore, the national debt
is a frequently debated topic ... Show more content on Helpwriting.net ...
The debt rose fifty percent between the Spanish–American War era of 1893 and 1899. In World War
I, the debt increased another twenty–one–fold between 1914 and 1919. The debt increased an
additional six–fold during the World War II period of 1939 to 1946. At the end of World War II, the
national debt was $260 billion, equal to 128 percent of the Untied States Gross National Product
(GNP) (Wieczorek). After World War II, the debt continued to rise, but until the 1980s the GNP rose
much faster. By 1981, the national debt was $1 trillion, equivalent to 33 percent of the GNP. From
1981to 1988, the national debt began to increase dramatically. Some argue the potential reasons for
his rise can be associated to the policies put into effect by the Reagan administration (1980–1988).
These policies included a large increase in defense spending, reluctance to cut spending on inflation,
and enlarged entitlement programs. In 1988, the national debt was $3 trillion, equal to 53 percent of
the GNP. From 1988 to 1993, the national debt's average annual increase was approximately $400
billion. From 1993 to 2001, the average annual increase was less than $200 billion. Some argue this
period of debt reduction can be linked to the policies carried out by the Clinton administration
(1992–2000). These policies incorporated several tax increases and a reduction in government
spending (Nordhaus). From 2001 to the present, the national

Should Student Loan Debt Be A National Crisis?
Although many people are considering student loan debt to be a national crisis, we must understand
the reality behind it. Unfortunately not everyone is fortunate enough to make it through college
without accumulating debt. In Robin Wilson's essay, "A Lifetime of Student Debt? Not Likely", she
makes a compelling argument that shows how students get involved with really high debt. She
claims, "...the problem among students who go heavily into debt is that they are determined to
attend their dream college, no matter what the cost (257)." It is a true statement because students
want to turn their dream into a reality. All students can reach their goal of attending a dream college
by first choosing a community college in order to decrease the amount of student loans. Many
students plan to go to their dream college; however they don't take into account if they will have a
job that will pay them enough money in the future to pay off their loans. A community college
would be beneficial because it will act as a gateway to direct students to a job before starting their
dream college. That path would provide the student with an opportunity to save up money while
being in school to pay off their student loans. Wilson has a similar argument stating, "Many
borrowers who find themselves in trouble use options under the federal loan program that allows
them to postpone repayments on their loans for years. The problem is that because interest keeps
racking up during such a deferment and after

The National Debt Of The United
The national debt of the United Stated has long been a large source of controversy, especially given
the last four years having had $1 trillion deficits consecutively. The United States national
government has overspent and run a deficit for the last 45 of 50 years. The US national debt is
quickly approaching $20 trillion, and the budget deficit is still very high.
The debt and the deficit are two different terms. A budget deficit refers to when the government
spends more than they had in the budget, also when the government spends more money than it
brings in. The national debt is all of the past deficits added together, minus the amount that the
government has already paid. The national debt can affect the deficit. For example, the interest that
is owed on the national debt is added to the deficit each year, and about 5% of the budget each year
goes to paying interest payments on the debt. The deficit that is reported each year in the federal
budget does not include what congress owes to the Social Security Trust Fund. So a more accurate
idea of the annual deficit would be found by looking at how much the national debt has increased.
Every year that the government overspends and has a deficit this amount is added to the national
debt. The last four years of budget deficits have pushed the national debt over 100% of America's
gross domestic product.
Over the last 40 years the federal government has generally spent more than what they had in the
budget, and in order to be

National Debt Research Paper
"Blessed are the young for they shall inherit the national debt"(Herbert Hoover). This is a quotes
from Herbert Hoover, 31st president of the United States. What the quote is saying is that the debt
the country is building up at that time, will be dragged down to today causing problems. A national
debt is when a country is borrowing more money than they are making and this has been the
problem of the U.S since the founding of our country. This seems to be a problem for us, it seems
that we want to spend, and spend, and spend, more money than we can make to achieve something
or to satisfy our own needs. This is screwing us over in the long run, causing us to slowly mess up
or country's economy. Over the growth of our country the debt has decreased ... Show more content
on Helpwriting.net ...
Heading into the 1900s, the 20th century, the U.S was paying off its debt by splitting it between the
states and the government, allowing a national debt less than 20% of the GDP of America. That
wouldn't last long though since we would be dragged into World War 1. The U.S had no intention of
joining the war in Europe due to the debt we currently had, but after the sinking of a U.S cruise ship
by the Germans that would drag us into the war. after the war was over the national debt would
become 32% over the GDP. You might be asking what GDP stands for. GDP stands for Gross
domestic product and it's the monetary value of all goods and services produced by a country in a
time period. So when I said that the national debt was 70 percent over the GDP, we were indebt 70
percent over the amount of money our country makes in that time period. We managed to pay some
of it off in the next 10–15 years. That wouldn't last long either though due to the Great Depression.
The great depression would cause our national debt to go above 70 PERCENT of the GDP, and the
person that caused this was president Hoover. Hoover thought he could spend his way out of the
danger the great depression caused, but he couldn't and caused a greater national debt problem for
us. Heading into World War II, the U.S was at a 45 percent over the nation's GDP and it was still
growing. How much did it grow exactly? Well in 1941 the U.S would hit a giant number of 119
percent over the GDP, which was extremely bad. Over the period of time that would follow our debt
would decrease, until Reagan came into the office(Chantrill). With Reagan in the office the debt
went up 50 percent over the GDP to win the Cold war. Luckily though after some time Bush and
Obama would help and decrease the debt problem, it's still high but expected to decrease in the next
few

The National Student Loan Debt
STOP.
In the time it took to read that word, 3000 extra dollars was just added to the national student loan
debt. According to the Consumer Financial Protection Bureau, college debt now ranks second in the
greatest debt owed besides a home mortgage. Unfortunately, the affordability of obtaining a post–
secondary education no longer exists. Americans are now faced with over $ 1 trillion dollars in
student debt. With such a huge escalation in college debt, we are facing a generation where over
50% of graduates will owe debt (McDaniel).
While having debt after graduation is reasonable, it's unimaginably difficult to assume that anyone
considered middle class, could repay the average 25,000 dollars of debt ("Tuition and Fees and
Room and Board over Time"). Unfortunately, this crisis hasn't been expressed as a pivotal concern
for many citizens. As a college student myself, I understand firsthand and empathize with
individuals who are overwhelmed with college debt. I remember looking at the price tags of each
college before I submitted my application. The idea of being burdened with debt for trying to obtain
a higher education, didn't make much sense to me. It was hard for me to grasp that in order to
increase my socioeconomic status, I would have to take the risk of being buried in debt. Financial
aid was probably the biggest factor I took into consideration when selecting colleges because I
wanted to avoid graduating with debt. College debt is not a light–hearted matter and

National Debt Causes
The Causes and Effects of the U.S. National Debt In a recent article by Nathan Bomey in USA
Today, he makes the point that as the remaining presidential candidates make their way to Detroit
for yet another debate, the financial collapse of the once thriving city should serve as a "red flag" for
America. In 2014 the city of Detroit was forced to file for the largest municipal bankruptcy case in
U.S. history with a debt of over $7 billion. Bomey reiterates that, "as a consequence of Detroit's
borrowing binge, 32,000 retirees paid the price for unrealistic promises,–– pension cuts of up to
20% and a stark 90% cut in health benefits." The reckless spending of the city's leadership also
brought the Detroit to a state of urban decay with some of ... Show more content on Helpwriting.net
...
So what are the actual tangible consequences of such a colossal public debt? It is not the generation
of today who are currently enjoying full health benefits and Social Security, but their children who
will pay for our government's reckless spending and national debt. In the Social Security and
Medicare Board of Trustees annual report to the public they themselves stated that, "Beyond DI,
Social Security as a whole as well as Medicare cannot sustain projected long–run program costs
under currently scheduled financing." The U.S. government is fabricating money that it does not
have to fulfill promises that it can not keep. If government spending continues has it has been, then
it is very unlikely that millennials, or the generations following them will receive government
benefits. In addition to their lack of government benefits, due to the national debt millennials can
expect lower living standards, higher taxes, inflation that decreases the purchasing power of citizens
savings, and an increased probability of a fiscal crisis in which investors would lose trust in the
government, forcing U.S.government to pay much more to borrow

National Debt Essay
The National Debt started a long time ago when the U.S started the revolutionary war. It started in
1835 and went from there and our debt is rising till today. Our debt is predicted to be about
300,000,000 trillion dollars. The debt from September 2 was about 17 trillion it is rising very fast
and when it gets too high the U.S will start losing products like Oil that we need for cars and other
fuel working products. Our U.S. is one of the most highest in debt out of the whole world China is
about 6 trillion, just an estimation, Africa is about 1 trillion, and Russia area is 8 trillion. $56,006 for
every person living in the US. $145,950 for every household in the US. 103% of the U.S. gross
domestic product. 540% of annual federal revenues. Public trading ... Show more content on
Helpwriting.net ...
Over prices the income would rise from a 29% from today. There was a long run problem and when
they show the history of the U.S. it seems to be falling instead of raising. There was long deficits
over 38 years preceding financial problems. The GDP that went down and probably started up was
from financial crisis. The survey of the government debt was organized into sections. In the twenty–
first century section II had the effects of the debt. According to the view of issuance debt simulates
growth. Data from the united states, percentages of gross domestic product risen over the past, two
centuries. Many purposes debt has all levels of the government. The cause of this is the united
states. The debt rose when the great depression came. The most sharp between 1945 and 1975
growth of gnp exceeded the rates for government debt. The status of security is crucial to future
policy's. The income for accounts are part of the federal outlays. Social security in about fifteen
years will rise about two percent. The conditions are expected to cause programs. If the insurance
for medicare is considered then it would rise four percent. The government finance system allows
OASDI

The United States National Debt
The Alarming Reality of the United States National Debt
One trillion dollars is an astounding amount of money. What if I told you that the United States of
America is in debt not just one trillion dollars, but nineteen trillion dollars in debt, as of 2016. As
time goes on, the United States only continues to rack up more and more debt. It is estimated that in
just 4 years, our national debt will increase by about 2 trillion dollars. The truth is, our country has
been battling debt ever since it was founded. Today, with the debt increasing so fast, every politician
is striving to balance the budget, so the United States can continue to be the best country it can be. If
the United States cannot dig itself out of this ever deepening hole, national security will become an
issue, influential power will be stripped away, and ultimately quality of life in this nation will
become extremely undesirable. I believe the United States national debt is a huge threat to our
country and something must be changed in order to battle this crisis. With all this debt, it begs to
question. To who and what does the United States owe all this money? According to the "National
Priorities Project", 34 percent of the debt is owned by foreign countries, like China and Japan, 28
percent by federal accounts, and the remaining 38 percent is owned by other investors or local
governments. Ever since the United States was founded, it owed money to the foreign investors and
it has only continued to pile up.

National Debt Decrease
The approximate amount of America's national debt is about 19 trillion US dollar. The approximate
figure is about $19, 939, 707, 330, 425.
I think it's very important to reduce the huge amount of National Debt. Because this huge amount of
Debt is creating a big burden for the upcoming generation. Comparatively, almost half of this huge
debt is owed by the federal government in many ways such as Treasury Bills, Treasury notes,
Treasury Bonds etc. (*1). It seems like government is spending more than earn money as revenue.
However, when the amount of debt get bigger, government needs to borrow some money to
suppress the huge amount. After a passage of time these borrowing money pile up with the National
Debt, so the figure gets bigger and bigger.

Us National Debt
National debt ceiling 101: Is a crisis looming?
The Christian Science Monitor, Mark Trumbull, March 8, 2011, CSMonitor.com In this article,
Mark Trumbull, a staff writer for The Christian Science Monitor, points out several different areas
that the USA's National Debt crisis effects. Trumbull asks nine different questions about the debt
crisis and then answer's them as best as possible. His effort is to bring the words of this huge
political battle from a high scope to the reading level of the normal American. In an attempt to
educate the normal everyday American about the debt crisis, Trumbull raises nine different
questions: 1) What is the debt ceiling, and why does it exist? 2) Are we close to hitting the limit? 3)
Will ... Show more content on Helpwriting.net ...
As of January 2012, Congress raised our debt limit to $16.4 trillion. That is an extreme amount of
money and almost shocking to hear that we owe are behind that far. It makes you think, what have
we done so wrong to be in this current situation? What could we have done differently in the past to
not be here? These questions need to be raised everyone involved in this mess and it needs to be
figured out. Congress has the ability to raise the cap limit, which they have often done in the past,
but say that this time, if they don't see serious plans, the limit won't be raised. The US Treasury has
enough "tools" to keep the government afloat into early 2013 but after that, it's up to the strategies
we have put into play to execute. The government is spending $3 for every $2 it takes in according
to the Urban Institute. That is a stat that needs to be the opposite way if America plans on seeing
changes in the near future. The USA faces a tough financial struggle in the upcoming years. I
believe that we need to get our troops out of the Middle East and transfer the money spent on war
into our Economy. "The national debt grows when spending outstrips tax revenues, and it has
doubled since 2004, surging for reasons that include health–care costs, two wars, and efforts to
revive the economy after its 2008 crash" (Trumbull, 2011). Ben

National Debt Failure
The U.S. national debt is a serious problem. In order to become debt free, the U.S. government
needs to make extreme changes to their budget; additionally, the U.S. population should also
employ radical changes. Failure to rectify the National Debt will result in the destruction of
American life, liberty, and pursuit of happiness. A question to consider: how long can the United
States keep borrowing money without providing reimbursement? Is the U.S. financing with no
intent on paying back? What are the consequences of borrowing such large amounts of money?
Thus far, the U.S. has borrowed trillions of dollars without "breaking the bank," although not
without cost. America holds two major kinds of national debt. The first, the U.S. government ...
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America began with debt from the revolution. The government owed the soldiers for their service.
Until a brief period of time during the Jackson administration, the country remained in debt. In the
early to mid 19th century, the U.S. government managed a budget surplus. Many years later, the
Clinton Administration also experienced a short–lived surplus; however, government debt remained
high and increased dramatically soon after the 9/11 terrorist attacks as the U.S. declared "War on
Terrorism". Spending cuts were not enough to balance the budget and put the government in a
surplus. The government also stopped the tax breaks during the Bush Administration in efforts to
reduce the deficit. The Federal Reserve lowered the interest rates resulting from the housing crisis in
order to stimulate the economy so the government can borrow more money with less interest on the
debt. Currently the deficit continues to rise, likely because of the continued "War on Terror," as well
as the unrolling of the Affordable Health Care Act. Social Security and Medicare expenses also
continue to

Essay on National and World Debt Crisis
From the dawn of time, everything has some sort of value. Currency differs around the world, but
one thing consistently remains the same, everything comes with a cost. As the world has progressed,
currency has become more sophisticated allowing for accurate exchange and proper payments.
Unfortunately, however, as the refinement of money has progress so has the accumulation of
national and world debt. Countries all over the world are facing debt crises, brought on by the credit
collapse in the year of 2008. Community services, local jobs, and over employment are being cut
and local possessions are being sold, in a last ditch effort to balance budgets that cannot be stabled.
The reason the budgets are so out of line are because the flow ... Show more content on
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The product is that European nations cooperatively are being swallowed by debt that they cannot
dig themselves out of. Today we currently have over fifty–two trillion dollars in global public debt,
America, Europe, Asia, Australia and parts of South America all ranking as the highest in debt, and
every second someone is taking on more for which they cannot pay. This global issue affects every
person of every age. It effects adults by the amount of taxes that are forced upon them to help repay
national debt, it effects the younger generation by having to live in low–income homes because of
the amount of money their parents must pay. As my generations is coming of age, it is now up to us
to become more responsible and do your best to fix global debt. To escape the debt of the global,
national and local bankers, the authority to create a general money supply needs to be reinstated to
national governments. Other alternative options include having legal tender issued directly to
national treasuries that can then be spent on national budgets. Alternatively, we can publicly possess
banks so we can dissolve the nation's credit and lend it to the people interest free. The only other
options I see personally, is to shrink the size of our government. We would not lessen the power of
the local powers, but if we had less major figureheads, we would be paying fewer of the highest
salaries. The massive groups of government can be found in every country.

Controversy on the US national debt
Cristian Cobb
Marcia Stofel
Advance Placement English Language and Compression
3 February 2014
The controversy of the US national debt
The recent clash between the president and congress about raising the debt ceiling made the front
page on every newspaper throughout the country and generated controversy of unimaginable
proportion among the citizens of the United States of America (College for Financial Planning). No
macroeconomics issue is more controversial today than the impact of large public debt on the
economy and on future generations, but, however, there appears to be a huge disconnect between
professional, political leaders, and the ordinary public about the national debt and its impact on the
current and future ... Show more content on Helpwriting.net ...
It is mainly the central banks that own the debt (College for Financial Planning).
This growth in national debt has blunt consequences on inflation, interest rates and growing
economy. Foreign control of large amounts of government debt means that the taxes will have to be
raised to repay debt and percentage owned to overseas governments which is not acceptable.
Assuming that trade deficiency also exists it will lead to depreciation of dollar which effect its
position as a reserve currency, and if during this process any new currency emerge as a replacement
of reserve currency, higher interest rates will be required to sell the debt to foreign countries
(Inflation). Raised interest rates have a negative impact on the economy and high accumulation of
debts leads to high interest rates (Spending). Hence the economy suffers. This means that the funds
for government programs like Social Security and Medicare are not enough (Economic Progress
Under Obama). Another consequence of high national debt is the reduced flexibility in fiscal policy
(Spending). According to the article Congressional Budget Office in The Budget and Economic
Outlook: Fiscal Years 2010 to 2020, the reason for this overwhelming increase in debt is because of
three factors : the obvious difference between federal revenues and spending done even before the
impact of recession caused this

U.s National Debt And History
US national debt and history
The national debt of US is the amount owed by the federal government. In the past decade, $12.7
trillion have been added to the US national debt and at the end of fiscal year of 2016, the amount is
expected to be approximately $22.4 trillion including federal, state and local. Debt per citizen will
be over $63.000 and debt per taxpayer is about $163.000. The largest budget is medical care which
is about $1.5 trillion and mostly introduced by Obama's administration and government policies.
The total US government debt was equally divided between federal and local debt at the beginning
of 20th century and it was less than 20% of GDP. While after the First World War, the federal debt
surged to 32% of GDP. Then, ... Show more content on Helpwriting.net ...
The Dissolution of the Soviet Union signaled the end of the Cold War and thus the US government
debt fell due to the decrease military budget as well as increased taxes in 1990s. During last 2
decades, the US national debt started increasing again which could attributed to the increasing
spending on the war against global terror, bail out the banks and the budget of the plan to recover
the economy after the crisis in 2008. And finally the US national debt reached 120.6% of GDP in
2014 and still kept increasing till today.
The surge in national debt during Bush and Obama administrations
It is true that there was a surge in US national debt in past decade, the total federal debt was
reaching 105% of GDP in 2012 which is the historically highest level since the Second World War.
Although the crest existed in the president term of Obama, however, the rise of debt started long
before Obama took office in the While House.
In fact, after the national debt decline at the end of 20th century, it resumed increasing with Bush's
first budget in fiscal 2002. And later on in 2007, the rise accelerated as the economy slid into the
worst recession since the Great Depression. From figure 1 we could clearly see that Figure 1
Obama did a much better job of limiting the deficit. On the other hand, Bush made it went from
about 58%

US National Debt
The US National debt approaches 20 trillion dollars, and no large measures are in place to slow its
increase. Addressing the debt problem will require the American people to sacrifice either their
money, or the promises that the government gave to them. The American people and their
government must be responsible and address the debt problem now, before it becomes
unmanageable in the future.
The history of the egregiously high national debt is fairly recent. During Bill Clinton's presidency,
Congress was on a pay–as–you–go system, meaning that Congress had to plan for how they were
going to pay for every action that they took. The United States had a budget surplus, meaning that it
had collected more taxes than it had spent. There are several ... Show more content on
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Most politicians understand the problems of the ever–increasing debt, but actually solving it takes a
lot of sacrifice. It would be nice if fiscal education could help solve this problem. Americans always
ask Congress for more while paying less. With repealing the Affordable Care Act, for example, the
people who are in favor of replacing it ask for more coverage at a lower cost. This 'more for less'
attitude causes the Medicare problem where people pull out four times more money than they put
into the system. As the Frontline program said, this is 'unsustainable.' If people were aware of the
problems that they create with their wants from the government, they might be able to concede
giving some of these things up. However, this might not work. Many people find it hard to give up
their own benefit for future people. Because of this, it will also require Congress to favor balancing
the budget over their popularity. The pay–as–you–go program seemed to work well in the 1990s,
and I think implementing it again will allow Congress to be more responsible with their money.
Also, some Congressmen should step up and create bills to fix the Medicare and Social Security
problems that loom in the future, either by raising taxes or by shrinking coverage. Both measures
would be highly unpopular, but it would be responsible to tackle the problem now, rather than push
it off for future people to deal

Pros And Cons Of The National Debt
The national debt is an ongoing issue in the United States today. National debt is the money we
borrow from other countries to pay for things that we cannot afford without borrowing. Can you
guess what the national debt is right now? Well right now, the national debt is about 20.1 trillion
dollars. This is an outrageous number and something needs to be done. Do we spend more or do we
plan to save more to keep the national debt from going out of control? We need to make sure we are
spending money in the right places and helping the economy out as a whole. National debt can be a
good thing or a bad thing, depending how we spend the money and we also need to make sure we
keep society equally happy as well. Another thing is, should we be spending money that we do not
have and must borrow to increase our nation's debt. The question that comes to mind is, is it good or
bad for the economy? Well, it can be good if we use it for the right things, and it can be bad as it
causes us to pay more debt back and we may not be using it on the necessities to help our economy
thrive. A budget surplus is when we do not exceed the revenue we have made for the given year.
Some may it is a good thing and some may say it is not a good thing. As we may not be spending
enough on our nation and the other side may say now we have more control over how we spend our
money. The question that comes to my mind is, should we be increasing our overall debt as a nation
or no? The first pro of national debt

National Debt Pros And Cons
The national debt is the sum of all the outstanding debt owed by the federal government (Amadeo,
n.d). Currently in the month of march 2017, the United States debt is $19.9 trillion. Almost two
thirds of the debt are actually from the public, and the government owes that much debt to the
buyers of the U.S. treasury bills, notes, and bonds which includes individual companies and foreign
governments (Amadeo, n.d). Not paying off the large debt affects the economy in many ways, in
which it drives economic growth along with helping families benefit from each american home, not
to mention the debt is greater than what America produces in a whole year (Amadeo, n.d). On the
opposing side, the harsh consequences of getting rid of this national debt which involves paying off
the U.S. debt, could help ... Show more content on Helpwriting.net ...
The large debt contracts with private firms and then helps hire new employees which is a plus
(Amadeo, n.d). The economy spends the government subsidized wages on gasoline, groceries and
new clothes that boost our economy (Amadeo, n.d). Over the long term rather than paying off the
debt there is a way of lowering the debt, because as the debt ratio increases, the debt holders could
demand larger interest payment. So in other words the economy and voters benefit from deficit
spending (Amadeo, n.d). An individual is probably investing in U.S. debt through a bond mutual
fund that is own in a 401k, so that way everyone contributes differently to the U.S. debt (Tepper,
2017). Even though paying off partial of the debt would still rely on the people. Benefiting from the
debt when it comes to American households, majority of the governments debt is actually owned by
and therefore owed to those same men, women and children (Tepper,

The U.s. National Debt
The U.S. national debt is currently $18 trillion dollars and it is rising fast. The national debt today is
the highest the U.S. has ever seen. In George Washington's Farewell Address, he declared the U.S.
should avoid going into debt. If the nation end up in a deficit, that the debtors were responsible for
paying off the debt so that it doesn't burden the future generations. Like the rest of this advice in his
Farewell Address, the nation ignored it. The ideal goal right now should be to stop the debt from
increasing anymore because it is impossible to stop the debt from increasing and expect to pay it off
in this generation. Since the nation's very beginning, it has carried a debt from the American
Revolution. Only once in the entire U.S. history has been the debt zero, during President Andrew
Jackson's administration in the 1830's. President Jackson set a budget like the other future and past
presidents, but actually stayed within its parameters. However, the debt kept growing after his
presidency and reached $18 trillion dollars today. The world has changed a lot since the 1830's, the
methods used during that period can no longer be the solution in 2015 because there are just too
many factors that must be considered. The size and the population of the country have changed
dramatically, foreign relationships are far more complicated and broader, and people's expectations
of the government are different. The three largest budget items include Medicare/Medicaid, Social

The Debt Of The National Debt
The National Debt consists of the total debt accrued by local, state and federal. Public debt is
essentially the federal debt, thus compiling the staggering number that already exists. The debt
deficit to me is astonishing. Currently, the total public debt in the United States, as of December 16,
2015, is $18,788,138,221,346.49. This includes $13,600,726,418,253.26 debt held by the public and
$5,187,411,803,093.23 by intergovernmental holdings (usgovermentdebt, 2015). High GPD is not
anything new to the United States. The all–time high was 121.70 percent ($18827323.00) in 1946
and a record low of 31.70 ($253400.00) percent in 1974 (United States Government Debt to GDP,
2015). The way we are spending, and the debt we are accruing, it would ... Show more content on
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The third category, spending and interest, accounts for the littlest of the three categories. In lament
terms, Social security, military and healthcare account for the majority of our budget. This is no
surprise because Social Security and healthcare are both mandatory spending (services our programs
we rely on) and the military is discretionary spending (services or programs we rely on), and as
stated above, this accounts for the majority of our spending, thus our debt. We rely on these services
on a daily basis, and the baby boomers continue to age, the cost spends on social security and
Medicare will continue to grow. The same goes for healthcare. As healthcare continues to be costly,
the amount spent on Medicaid and insurance providers will continue to grow as well. After reading
and understanding where the money is spent, when I took the Concord Coalition's Federal Budget
Challenge, I had a better realization of how little things can improve the deficit in big ways. After
reviewing the site, and taking the challenge, I learned some small things that can have large
outcomes. One thing I choses in the revenue category was to reform Medicare and provide seniors a
fixed amount of financial support to purchase private health insurance. To me, I agree the idea of
cutting healthcare would increase competition among health plans and lower costs of health
insurance (Federal Budget challenge, 2015). I personally think that private healthcare, rather than

National Debt Essay
The National Debt started a long time ago when the U.S started the revolutionary war. It started in
1835 and went from there and our debt is rising till today. Our debt is predicted to be about
300,000,000 trillion dollars. The debt from September 2 was about 17 trillion it is rising very fast
and when it gets too high the U.S will start losing products like Oil that we need for cars and other
fuel working products. Our U.S. is one of the most highest in debt out of the whole world China is
about 6 trillion, just an estimation, Africa is about 1 trillion, and Russia area is 8 trillion. $56,006 for
every person living in the US. $145,950 for every household in the US. 103% of the U.S. gross
domestic product. 540% of annual federal revenues. ... Show more content on Helpwriting.net ...
Democrats are running the bulk of the television campaign ads this year that deal with taxes, The
Wall Street Journal reports. Of some 43,000 spots than ran in House races through September, 63
percent were Democratic. Delaying Social Security not only increases an individual's own benefit,
but can also increase the benefit to a surviving spouse. The transition from DB plans to DC plans
will make more spouses vulnerable to the risk of running out of money later in life; the qualified
joint and survivor annuity, which is mandated in DB plans, is often not part of a DC plan offering.
The larger Social Security income survivor benefit could help offset potential health care costs,
nursing home costs, and everyday expenses. There are a number of little–known claiming strategies
available to allow married couples to take advantage of survivor benefits as well as the rules
surrounding the claiming of spousal benefits. Many of these disparities can be attributed to the fact
that the United States is the only major industrialized nation without universal access to health care.
Finally, the costs of reform at full implementation have been very close to original

National Debt And Debt Of The Federal Government
National debt, the accumulated debt of the federal government, has always been a major political
issue for the government. The United States has always been in debt, in fact, we started out in debt.
In 1977, The Continental Congress needed to borrow money to continue the Revolutionary War. As
the years went by, and more presidents took office, the national debt increased. As of September 1,
2016, the United States national debt was listed to be $19.5 trillion. With all the national debt, the
government must find a way to use it. This is where deficit spending, the use of borrowed funds to
finance government expenditures that exceed tax revenues, comes in.
Although national debt has a lot of disadvantages, there are also many advantages. National debt
gives countries the opportunity to receive extra funds to invest in economic growth, and it's a safe
way for foreigners to invest in a countries growth by buying government bonds. National debt
allows the government to fight against contingencies, and also allows the government to build new
roads and bridges, improve education, job training, and provide pensions. This spurs citizens to
spend more instead of saving for retirement, further boosting economic growth. National debt can
also help cope with depression. Disadvantages of national debt include the fact that governments
tend to take on too much debt, and it will interfere with economic conditions. Fighting against
contingencies, such as tornadoes, hurricanes, earthquakes

The National Debt Of The United States
The National debt of the United States has increased at a rate of over one trillion dollar per year for
the last 10 years. The main culprit behind the rising federal deficits and debt is the growing federal
spending on programs like Medicare, Medicaid, Social Security, and the Patient Protections and
Affordable Act (Obamacare). Currently, the national debt exceeds $18 trillion dollars. That amounts
to more than $58,000 for each person who lives in the U.S. today (including children). Some say
government spending is out of control, but other argues that the US economy has never been so
large or strong either. The gross federal debt, which represents the federal government 's total
outstanding debt, consists of debt held by the public and debt held in government accounts. The US
has never defaulted on its debt and bills so aside from political suicide for most lawmakers that
approve legislation to increase credit limits, the economy has justifiably supported continue raises in
the debt ceiling. But how much "borrowing" is too much? Can we continue to raise the amount of
debt the nation can take on? National debt began after the American Revolution War and has been
on the rise ever since. As our Founding Fathers developed the original Thirteen Colonies into the
independent United States of America in 1776, debt was already a reality for the nation (Blain,
2014). Even from this early time, wars were financed by borrowing. Soon after the American
Revolutionary War, the

Federal Deficit And The National Debt
This paper is about the last 15 years of the federal deficit and the national debt, as well as
examination their relationship. This paper also looks at how the deficit is created and dealt with,
along with what happens to different areas of the economy when the deficit's size changes. Lastly
this paper covers who owns the national debt, how these people are paid off, and the interest rate of
the debt.
Federal Budget Deficit with a sprinkle if National Debt (1, 2, 3) The federal budget deficit and the
national debt are two different things, but are connected in a parasitic way. The federal budget
deficit is when the government spends more than in receives; it is also a flow value, meaning that
the amount of the deficit is something that occurs over time (Miller, 2014). The deficit for the past
15 years is shown in Appendix A, and the deficit is the host, not the parasite. The national debt
however is the parasite, and it is known as the total value of all federal government deficits minus
the amount that the government has repaid. The debt is also a stock value, or something measured at
an exact point in time, and its last 15 years appears in Appendix B (Miller, 2014). The reason why
the deficit and debt are in a parasitic relationship is because the budget deficit can exist without the
debt, like a host does not need a parasite, but the debt cannot live without the deficit. The federal
budget deficit comes into existence when the government spends more than it earns

The Us National Debt Problem
The U.S national debt problem
James Gartrell–Sebe
American National Government
22 November 2015
James Gartrell–Sebe
Laura Canard
PSC1113
22 November 2015
The US national debt problem
The US national debt has become an important topic in recent years and needs to be looked at
moving into the future. This is the amount owed by the federal government of the United States.
This debt is made up of debts held by the public and also debts held by government accounts. The
extreme amount of our national debt should be seen as a problem and will need to be fixed. The
amount owed is getting to the point where it needs to be taken care of and lowered to a point that is
controllable. There are consequences if the national ... Show more content on Helpwriting.net ...
Many investors believe that this means the United States will have problems repaying these loans in
the future and will cause many economic problems in the future. The debt accumulated this much
because of deficits in the national budget. These can be caused by new programs to help citizens or
help the US economy. Tax cuts, military spending, and the economic stimulus package caused this
national debt to skyrocket. On the USdebtclock.org website it shows our largest budget items are
Medicare/Medicaid at $1 Trillion, Social Security at $886 Billion, defense/war at $583 Billion,
income security at $303 Billion, net interest on debt at $224 Billion, and Federal pensions at $255
Billion.(usdebtclock1) These debts are large and spending on some of these programs must be cut.
In recent years Republicans and Democrats have both blamed each other for the rise in the nation
debt. Republicans blame President Obama because he greatly increased government spending and
the US economy struggled to fix the economy early on. The Democrats will also claim that
President Obama inherited this national debt from previous President George W. Bush. Bryant
states, "Large debts were introduced during the George W. Bush's presidency. Increased spending
has been documented and stated many times. This was to fund a military during a

The Consequences Of The National Debt

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