Argumentative Essay: America The Brave And The Strong

Currently, the United States owes approximately $19 trillion in National Debt. It is owed to Mutual funds, pension funds, foreign governments, foreign investors, American investors and many others. From the year 1959 to 2015, the United States debt has gone up by around 7554% from the debt in 1959 starting at $285 billion. The debt itself has increased by around 9 trillion since Barack Obama has taken the Presidential office in 2009. Everything has been done to increase national debt, but nothing has been made to reduce the national debt.

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.

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.

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

The American debt clock sits at around 20.5 trillion dollars today, but when I.O.U.S.A was made America’s debt was at 8.7 trillion dollars. Obviously the United States debt is an ongoing problem that will one day implode and every single U.S. citizen will have to deal with it. America’s debt was initially caused by war, and more wars over the years made it increase and decrease. There has actually only been one time that the United States has had no debt, January 8, 1835. The debt of the nation cannot be blamed to any specific party, because the republican party and democratic party have both played a role in increasing the nation’s debt over the years. There are four major things that contribute to the debt: Budget deficit, saving

The U.S. debt is the largest in the world. How did it get so large? Purchasers of Treasury bills still reasonably expect the U.S. economy to recover enough to pay them back. For foreign investors like China and Japan, the U.S. is such a large customer it 's allowed to run a huge tab so it will keep buying exports. See U.S.

For years now, the United States of American has been in debt due to various reasons. The government is spending too much money on things that are not important. They spend money that they do not have so in the long run the government ends up having to loan money in which they will have to pay back eventually. The government is spending rather than business or individual spending. This is called a budget deficit. Federal government deficits are also referred to as national debt.

The national debt of the United States is over eighteen trillion and is mostly owed to the financial spenders of the American consumerism, which could be attributed to one main country: China. China has begun to take up the monetary value of the entertainment economy of the United States through the accumulation of the China's good which the United States cannot seem to get enough of. Although the United States debt is mostly due to the Chinese economy, there are other reasons other than consumerism that have led to the national debt. The United States spends a great deal of money upon the following programs. First is the Health Care Programs (includes Medicare & Medicaid): A total of 940 billion USD was allocated to health care benefit programs,

     Will racism ever come to an end or will its path go on infinitely? For the most part, the majority of people respect those who are different either in color, race, and/or heritage; however, there are those few that hold bigoted views towards people who are different than they are. The movie American History X by Tony Kaye displays an example of people who hold bigoted views. Derek, a Neo-Nazi leader, must contend with his actions relating to his past racist views and actions. This powerful movie explores its characters thoroughly and gives reasons why people become so callous and turn towards a racist group. It also exposes insight to problems that plague America when it comes to racism in

The United States is in debt; currently we stand at a deficit of $12.6 trillion (http://zfacts.com/p/461.html). Our Nation’s leaders have been implementing many different strategies to boost our

According the US Treasury report as of September 21, 2014 the total debt for the United States was at a staggering $17,752,082,587,972.00, this is almost eighteen trillion dollars. With foreign governments and investors holding roughly half of it and China’s holds the largest portion thereof at $1.268 trillion, which is only slightly down from $1.279 trillion in 2013.

The United States of America is country that has stood proudly for over 250 years. Over these years it has developed a deep and rich history of strife and success. It is in this history that Americans have found great strength and have been able to propel this country forward. Our history is a foundation that fuses this country together and will be the inspiration for our future.

In recent years, that national debt is a fact of life. Based on the government statistic data, the U.S. debt has surpassed 100 percent of gross domestic product (GDP), and “public debt may approach 190% of GDP by 2035” (Driver and Matthew 2). During the last 15 years we experienced a massive increase of the debt. There are several factors that lined up to cause this situation. One of the biggest issues is the overburdened Social Security system. Due to increasing number of retirees and longer life spans leading to more benefits payments, and decreasing

The United States had to borrower over 514 billion dollars last year in order to cover our national budget, and of the 3.881 trillion dollar budget 640 billion of it

The United States of America is the country with the highest debt in the world. The federal budget includes expenses of defense/war, social security, and Medicaid/Medicaid. All of these expenditures contribute to the economic crisis. Why? Because we are spending more than we make. The Unites States revenue according to the US debt clock is about $2,850,172,180,692 but our spending is about $3,469,781,240,901. We are spending about $1 billion more than we have. But where does the $1 billion come from? The more we spend, the more credit we use. The US national debt is about $17, 441,235,958,693 based on the national debt clock.