America 's Nation 's Debt Bigger And Bigger

U.S. National Debt The U.S. national debt has reached an alarming proportion. As it steadily increases, it's effect may not be felt now, but it will be in the future. Paul Gregory and Roy ruffin, in their book entitled Economics, linked deficits with inflation in the long run (251). Demand-side inflation of this type fails to increase the GDP, but instead just increases prices.

1. If the U.S. debt is growing, why doesn 't the government cut back on spending and can you make any recommendations on what to cut? (Hint: You should consider the list of "Largest Budget Items" listed on the Debt Clock before making recommendations.)

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.

The three biggest sources of government spending are Health, Social Security, and Defense (The Concord Coalition 2015).

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.

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

While there are many issues that America faces, there is one problem that stands out to be greater than the rest. The notable problem that our Nation faces is National debt. Our nation’s debt is a dramatic problem due to the fact that America has been in debt for almost two hundred and twenty eight years, and continuing to increase every day.

With the United States only now beginning to recover from the throes of the Great Recession, the good American worker (armed with nightmarish memories of mass unemployment and bankruptcy) generally views large amounts of debt in a negative light, with television pundits regularly criticizing the federal government for the $18 trillion of national debt. Entire generations of Americans have been conditioned to view debtors as moochers and failures, unwilling to work hard in order to earn their own money. This negative opinion of debt is further compounded with the historic negative effects of debt: complete loss of assets, homelessness, and bankruptcy. However, contrary to public opinion, the national debt—and, in fact, all debts—will act

Our country will collapse in on itself due to our country neglecting the current issues at hands. Tanner states a couple of years ago, the Tea Party was at its height on big issues that drove its main prevalence to regard issues such debt. Which changed the conversation in Washington due them bringing the problem of debt to the forefront. Congress was talking about cutting the deficit. However, the Tea Party, Washington, and the media have drifted off on to other issues and are now not focused on such issues. Rebuilding that energy and movement to bring back that conversation again will help with the soft-landing that will come in the foreseeable

National Debt in the U.S. has expanded rapidly throughout the years. In 2012-2015 it has increased by 70 percent. Most spendings are obviously spent by government in unnecessary facilities. Many people ask why is it affecting us and why has the government not issued a reform to solve it. This worries us because it doesn’t only involve an internal debt but a national debt as well.

We as americans seem to have a very serious problem. By doing some research I have been able to conclude some intresting ideas on what to do to fix our debt problem. First of all we need to stop bwing in wars, the more that we lose the more that we are going to be hurt and deeper in the hole of debt we will go. Second we need to stop paying our RETIRED U.S. presidents so much money it's not helping the fact that they get so much. We need to also need to stop buying so much imported goods. If we can accomplish these simpe tasks we can fix a lot of our debt problems and be a better country.

During presidential bids for the White House and Congressional deadlines for increasing the debt ceiling, huge debates break out as to the enormous amount of debt incurred by the federal government. Throughout our nation’s history, national debt at this magnitude is a new things. The accumulation of this amount of debt has its consequences, especially when the debt hits the nations GDP (Gross Domestic Product), or the revenue the nation takes in per year.

America is so dependant on other countries, therefore what would happen if all of our resources were cut off? This is a problem that everyone should stop and think about. America can never be a free and powerful country with this insane amount of 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.

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