Reduce Our National Debt Dbq Analysis

As we discussed and read about this week in our class, the topic of the US Budget and how, why and what should we do about it has become a topic with many views and opinions. The United States of America currently holds over 16 Trillion dollars in debt based on our governments spending practices for the last ten years. Two wars, numerous fiscal collapses and cliffs, a bubble popped housing market, looming medical care costs from a socialized healthcare law and a recession have caused the government to acquire enormous amounts of debt. This debt with caused by what seems to be from irresponsible spending on both the Legislative and the Executive Branches have done nothing to lessen this deficit. One idea that has been discussed not only in

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.

Intro: Eighteen trillion dollars. That is how much the United States is in debt at the time of this writing. Naturally being in debt is not something someone, much less a country, would want. So bringing down the national debt, and eventually eliminate entirely, is the number one priority for many politicians. The question is, how? Some would say that the rich should pay higher taxes, claiming that they are not paying their fair share, while opponents of this declare otherwise, asserting that it would hurt the economy and push the country further into another recession.

The U.S government is spend way too much money. One of the biggest problems the facing the U.S in the increase in the budget deficit. The increase in the budget will affect future generation. There are many solution to fixing the problem. On October 17 the United States debt was over $17 trillion dollars, which is more than the United States annual economic output. The only time the GDP was that high when we were in World War two.

I think that one of the most important and efficient ways to reduce the national debt would is to reduce our military by reducing the amount of troops in Afghanistan, ending the Joint Strike Fighter program, and through avoiding expanding the military in any way. One way to reduce the military would be to minimize our forces in Afghanistan to 30,000 troops by the year of 2017. This would

The national debt is a touchy subject in the United States. Currently, the debt is over 19 trillion dollars. Every program that is an expenditure within the budget is a reason the national debt is growing. It is not possible to isolate any particular spending, as the whole process is an unbalance in the money available and the money spent. There are a lot of expenditures that play into the debt being as high as it is. The budgeting process, the political aspects of creating a budget, and the spending of the money combine to create larger debt. The money has been shifted and shuffled to cover war and social programs. Lessening the amount of debt for the United States would require a re-alignment of political and social values, culminating

This so “National Debt” has been going on since the beginning of U.S. history. The government loses billions and billions of dollars every year since the bill for the revolutionary war and had claimed the land ours. The National debt is where public and governmental debt is owned by federal governments. I think that we could’ve had ways to lower the national debt by a landslide. Here’s how we could have lowered national debt by 3 reasons how.

With the national debt reaching $21.7 trillion this year, the United States refocuses on climate change, education infrastructure, military expenditures, and tax reform to reduce spending and spend more precisely.

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

We have a long story of debt, but it seems no one has been able to make it better. If the debt is increasing over time, the government has a budget deficit. Charles C. Turner, et al, define deficit as spending that exceed revenue (482). In history, basic deficit or debt was usually from over spending from a war and economic issues like a recession or depression. Then the government had a budget deficit almost every year “between 1970 and 1997,” but tax cut and more spending on defense by President Reagan in 1981 added more growth to the deficit. Also, another cause is from reducing of productivity seem in the GDP and lower tax rate (tax cut) (483). Even when the government had some budget surplus, still, it could not cover the debt. In 2012, the debt grew “over $ 16 trillion,” (482-483) and has increased more in recent year plus 2.9 percent of budget deficit in 2016 (The 2016 Long Term Budget Outlook, 2). To manage the economic depression, sometime policymakers cut the taxes and increase spending again by putting more money into private sectors (Turner, 483); therefore, government goes further with the budget unbalancing. There are several reasons that lower tax rate will not reduce the budget deficit closer to a balance.

One of the major economic problems facing the United States today is the national debt. Right now, United States’ national debt is about 18 trillion (U.S. National Debt Clock), which is a huge amount of money. The problem for now is can United States pay off all the debt, this is even possible? If United States have to pay off all the debt, every citizens in the U.S. are responsible to pay about more than $55,000. I do not think that every people in the United States have that much in there bank account, some people are even struggling how to can through the next day.

National debt is the biggest issue in the global politics. As we scrutinize the US national debt and its history; we can answer the most common questions from fellow citizens in the US on the National debt: what causes the national debt? Who do we owe money to? And how can the Government pay off the debt entirely? I strongly believe the national debt should be a major concern to all American citizens and tax payers, because they contribute to government spending a great deal. In 1790, Alexander Hamilton stated in the first report on the public credit that: "The United States debt, foreign and domestic, was the price of liberty. The faith of America has been repeatedly pledged for it... Among ourselves, the most enlightened friends of good government are those whose expectations of prompt payment are the highest. To justify and preserve their confidence; to promote the increasing respectability of the American name; to answer the calls of justice; to restore landed property to its due value; to furnish new resources, both to agriculture and commerce; to cement more closely the Union of the States; to add to their security against foreign attack; to establish public order on the basis of an upright and liberal policy; these are the great and invaluable ends to be secured by a proper and adequate provision, at the present period, for the support of public credit." (Treasury Direct, 2015). According to Mr. Phillip Mancusi on our interview, the United States had debt since the

Everyday on the news, the same things are said about politics, celebrities, police reports and other problems the nation and world has; I think what really needs to be brought up is the major issues. I am talking about the amount of debt the United States is in. The US is currently $18.2 trillion in debt, and I can think of several ways to make this number go down dramatically. We can start getting rid of debt by cutting government spendings, selling more American-made products to other countries, and even asking other countries for help.

Over the years the national debt and US deficit has gotten out of control and that has to change. There is many possible solutions to this enormous issue, but plans have to start now. It will continue to get worse if no attention is given to growing debt and

The United States is in a lot of debt, I don’t think beneficial to let other countries know how much debt were in. Moreover, I also don’t think we should let other countries know how much money we spend and keep in circulation. On the other hand, I feel to lower our debt we should have a strict limit on how much money we can spend. The benefits of having a limit will force us to delegate our money properly, thus giving us the chance to lower our