Natiomal Debt

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Recommended: Introduction to us national debt

The United States debt in 2014 stands around $17.5 Trillion dollars (U.S. National Debt Clock: Real Time). As the debt keeps rising, solutions should be found so that money can stop being borrowed and spent. The United States debt is caused by many reasons. For example borrowing money from others counties. Understanding national debt is interesting the 1st dramatic increasing in federal government occurred as a result of the Civil War. At this point in time the debt stood at $65 million in 1860 before civil war. After, the civil war it reached a new limit of $2.7 billion. War time can increase national debt because a lot of spending is done during war times (Matt Phillips). The United States owes money to many counties, however the United States owes more money to itself than any other counties because of things the government spends money within the country such as social security. We owe $ 4.14 trillion to ourselves, about $1.26 trillion to China, and about $1.12 trillion to Japan (Henry Blodget). Dave Ramsey once said “The fact is that government can get out of debt, the same wa...

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