National Debt

:: 3 Works Cited
Length: 483 words (1.4 double-spaced pages)
Rating: Excellent
Open Document
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Text Preview

More ↓

Continue reading...

Open Document

National Debt


The national debt has always been a major concern
of the american public, whether they truely know what it is
all about or not. What most people do know is that the debt
that our country has is continualy growing faster and faster
at an unbelievable rate, toan amount that many of us can not
even imagine. The national debt and it's problem has been an
on going issue in today's headlines, and each president is
faced with this buring problem. President Clinton tried
to install a balanced budget plan during his current
term in office, however it lost 99-1. Althought the
public was not able to vote on this plan directly, we, or
at least I have an opinion concerning the issue.

I personally believe that the fact that our nation
is constantly growing more in debt by the minute is a major
problem. Although that techincally we do not have to
pay it, is not the point. What is the point is that we
are a nation that is in debt. According to reports, since
1981, our national debt has grown faster than our economy
has, which to me seems to be a problem. If this debt
was to be spread out among the people it would be more
than the average american would be able to pay. We therefore,
need some sort of policy that wouldeventurally cut our national
debt to some reasonable amount. A new policy would help by
lowering the currentinterest rates, which in turn would allow
for moreinvestment to occur. This would raise our real GNP of
the economy. This increse in investment would also
increase our national savings as well, which would lead
to an increase in the national income average of our
nation's average families. Considering the amount
of our debt, this healing process needs to be done over
a long period of time. According to research, if done
to quickly it would only hurt the current economy. If
we are going to cut the governmental sevices it will
need to be done in small doses. This will enable the
average american to respond and prepare for the cuts.
That way the american will not be hit as hard by the
governmental cuts if they are prepared, and the effects
will not be as harsh.

How to Cite this Page

MLA Citation:
"National Debt." 123HelpMe.com. 23 Sep 2017
    <http://www.123HelpMe.com/view.asp?id=41998>.
Title Length Color Rating  
National Debt Policy Essay example - National Debt Policy The national debt as I write this paper is over 17.4 trillion dollars. This number is increasing minute by minute, and is headed towards financial ruin. The national government needs a mandatory balanced budget. This is an issue in today’s politics that needs to be solved otherwise it is going to have a major negative impact on future generations. Since President Barack Obama took office in 2008, the federal government debt has nearly doubled. “Recent progress toward reducing the annual budget deficit is welcome, yet federal debt is still project to increase 50 percent over the next decade under existing policies.” (The Heritage Foundation)....   [tags: United States Government, National Debt]
:: 3 Works Cited
1589 words
(4.5 pages)
Powerful Essays [preview]
Who Owns the U.S. National Debt? Essay - "Blessed are the young for they shall inherit the national debt." -- Herbert Hoover A recent topic for political debate, and one that is usually included in most political rhetoric, is the national debt, and the debt ceiling crisis. I believe that there are many misconceptions about this issue, and that politicians use and promote these misconceptions for the purpose of making political arguments. The example of this that sticks out for me is a commercial I saw on television that seems to depict a future where the US has presumably been taken over by China....   [tags: Obama's National Debt]
:: 3 Works Cited
991 words
(2.8 pages)
Better Essays [preview]
The National Debt Essay - Every day in New York City, hundreds of people walk past a huge digital billboard with giant numbers across its face. Each person who walks past this billboard sees a slightly different arrangement of numbers, growing larger every second. This board is the National Debt Clock, representing the over 14 trillion dollars currently owed by the United States. While some people claim that the national debt is caused by the falling economy, most maintain that the debt itself causes the poor economy (Budget Deficits 2007)....   [tags: Fiscal Policy]
:: 9 Works Cited
1565 words
(4.5 pages)
Powerful Essays [preview]
The National Debt Essays - The National Debt For the past centuries, the american people dug themselves into a big hole which is the National Debt. In this paper I will discuss the history of the national debt, effects on the debt/deficit, wais to reduce it and control the deficit. the national debt has increased every year from 1945 to 1995. The biggest increase of the debt was from the years 1985 to 1995 whwn it went up about three trillion dollars. Right after the Civil War the debt held at three billion dollars....   [tags: essays research papers] 513 words
(1.5 pages)
Strong Essays [preview]
Essay about National Debt - National Debt The above statement suggests that the government should not make cuts in the social fabric because it can always roll over the debt, therefore, the national debt can be ignored. This statement means nothing to many Americans who would never dream of having a conversation about the national debt. Before reading about the national debt, I was one of those Americans who didn't care to realize the trouble my country, the land of the free, home of the brave, is in grave trouble....   [tags: Argumentative Persuasive Papers Economics]
:: 3 Works Cited
354 words
(1 pages)
Strong Essays [preview]
National Debt Essay - National Debt The national debt has always been a major concern of the american public, whether they truely know what it is all about or not. What most people do know is that the debt that our country has is continualy growing faster and faster at an unbelievable rate, toan amount that many of us can not even imagine. The national debt and it's problem has been an on going issue in today's headlines, and each president is faced with this buring problem. President Clinton tried to install a balanced budget plan during his current term in office, however it lost 99-1....   [tags: Economy Economics Argumentative Papers]
:: 3 Works Cited
483 words
(1.4 pages)
Strong Essays [preview]
National Debt Essay - National Debt How large are we going to allow the national debt to become. If we believe that it never comes due then its size is of little concern. However, that belief is like that of the ostrech; bury your head in the sand so you can not see the problem and the problem goes away. The fact is that the size of the debt is nearly five trillion dollars and grows by an average of 620 million dollars every day. The cause is that every year the government spends more than it collects in taxes. The government makes up the difference by borrowing billions of dollars annually, competing against private enterprise for the use of money saved by American citizens....   [tags: Argumentative Economy Economics Papers]
:: 4 Works Cited
402 words
(1.1 pages)
Strong Essays [preview]
National Debt Essay - National Debt The national debt is an issue of great concern to the economy. Each year, the debt amounts to a higher percentage of GDP. As we have studied, the debt weighs down the economy, and the interest payments are consuming an ever larger share of the national budget. Something must be done to avert this crisis from coming to a head. We need to begin today, by making spending cuts ACROSS THE BOARD. These cuts must be enacted sensitively, however, in order to keep the economy stable as we move toward a balanced budget....   [tags: Economy Economics Argumentative Papers]
:: 3 Works Cited
371 words
(1.1 pages)
Strong Essays [preview]
Essay on National Debt - National Debt I agree with what was said above. The debt although large will never need to be paid off. Cutting off social services in the government is not and will not solve the problem it will only prolong it. The social government shutdown that went in effect at 12:00a.m. monday night does not solve a thing. It only cuts what some people desperately need to servive. True this will save our government some money, but not near enough to erase the debt. Mr. Clinton came into office wanting to make health care affordable for all....   [tags: Argumentative Economics Economy Papers] 418 words
(1.2 pages)
Strong Essays [preview]
Essay about National Debt - National Debt I disagree with the resolution presented. I believe that the time has come for thegovernment to start taking some more drastic actions in order to alleviate the problem of theNational Debt. This resolution might have worked back when the dabt wasn't so massive, but at this point, I think that the only thing that will have any great effect is to start making some cuts. One of the biggest problems in dealing with the debt, by way of the budget, comes in theform of entitlements....   [tags: Argumentative Economy Economics Papers]
:: 3 Works Cited
354 words
(1 pages)
Strong Essays [preview]

Related Searches






In my opinion, our economy needs some sort of ecomonic
plan to help lesson the magnitude of our national debt.
We can not have a totally healthy economy if we have
the debt of billions and billions of dollars hanging
over our heads. Therefore, we need to adopt the Repulican
bill, with of course a couple of safeguards and revision.
By the adoption of this plan maybe our country will
finally be on the track that brings out of the depth of
being totally in debt.

List of the URL:

1. gopher://wiretap.spies.com:70/00/gov/economic/part.5

2. gopher://unslvma.umsl.edu:70/00/library/subjects/business
/natmktgle

3. gopher://umslvma.umsl.edu:70/00/library/govdocs/erps/
erp/erp7/box7


Return to 123HelpMe.com