The Issue Of National Debt - 941 Words

According to brilling.com the U.S. national debt is increasing at an alarming rate of 2.35 billion dollars a day, witch comes out to be about 56,694 dollars per U.S. citizen. One of the major controversies over the national debt is who started the escalation and when did it begin? All over the internet there are websites dedicated to showing the national debt and â€Å"expanding† peoples knowledge on some of the more recent information leaked from news channels and websites. Brilling.com is a perfect example, when you first visit this website you will notice at the very top of the page there is a debt clock that shows the â€Å"current† U.S. national debt. As you look a little farther down the page you find the â€Å"current† population of the U.S. and each citizens part of the national debt. After scrolling down a little you will find that the last section of the website is dedicated to an outdated(1999-2013) list of articles relating to the national debt. One of the articles on brilling.com states that the national debt was raised more under Obama’s presidency compared to Bush’s presidency. This cbs news article from 2012 states that as of March 19, 2012 the national debt had gone up more in Obama’s three year and two month term (4.939 trillion increase) compared to Bush’s eight year term(4.899 trillion increase). If the absurd amount of money the national debt increases by each day wasn’t enough for you cbs news states that as of 2012 the U.S. national debt exceeds the U.S.’s grossShow MoreRelatedNational Debt : The Biggest Issue Of The Global Politics1270 Words   |  6 PagesNational 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 stron gly 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 HamiltonRead MoreFixing The National Debt Is A Coservercal Issue Within Our Government1396 Words   |  6 PagesFixing the national debt is a coservercal issue within our government. Since the two parties have opposing views on how to fix it, it creates gridlock on the process of creating a plan to reduce it. (Perdue, 2015) Our federal government debt has extensively tripled since the year 2000 (see appendix A) (Historical Debt Outstanding Annual 2000-2015,2015), today our debt is a tad bit over nineteen billion. (U.S.NationalDebtClock.org , 2016) We have arrived at his point through the imbalance betweenRead MoreWhy Liberals Are Losing The National Debt Argument1633 Words   |  7 Pagescan post whatever they want, whether it is deemed to be accurate or not. In using the topic of national debt in the Unite d States as a guide, I was able to analyze plausible sources and compare them to inaccurate sources. Journalist, Brandon Greife, in his article, â€Å"Liberals are Losing the National Debt Argument,† elaborates on the topic of what liberals are accomplishing when it comes to national debt but his purpose is to tell readers about how liberals are going about doing that and voice hisRead MoreA National Debt Is The Difference Between The Government s Budget And Deficit And The Expenditures1291 Words   |  6 Pagesway, a national debt is the difference between the government’s budget/deficit and the expenditures. The U.S. federal debt was set up by the first Treasury Secretary, Alexander Hamilton. Our initial debt incurred during the American Revolutionary War. Over the following 45 years, the debt grew. Although, the national debt actually shrank to zero by January 1835, under President Andrew Jackson, it quickly grew into the millions again, soon after. The American Ci vil War resulted in dramatic debt growthRead MoreThe Revolutionary Era Of The United States1600 Words   |  7 Pagesthat would arise as a part of the union following the revolutionary war. The purpose of the constitution was made for the improvement of the framework of the union. Alexander Hamilton was the primary leader on the issue of a public credit system and the abolishment of the national debt they had to get themselves out of. Hamilton wrote a number of reports to the newly formed House of Representatives, offering solutions to the problems the union was facing after the revolutionary era. In his firstRead MoreSolution Of Debt Crises And Long Term Effects1618 Words   |  7 Pages Explanation of Debt Crises and long term effects (10 points) 2. Thorough discussion of budget deficits and potential solutions (10 points) 3. Thorough discussion of trade deficits and potential solutions (5 points) 4. Thorough discussion of political obstacles to potential solutions (5 points) 5. Discussion of solutions impacts on the macro economy (10 points) 6. Spelling, Grammar, and Style (10 points) The U.S national debt crisis is an issue that must be moderatedRead MoreEssay on National Debt1368 Words   |  6 PagesNational Debt: It is Not Just a Number, It is Our Future Miranda Rosenbaum Macroeconomics Professor C. Simkonis April 29, 2008 Rosenbaum 1 As a nation, America has accumulated a tremendous amount of debt which will affect not only the lives of the current citizens, but generations thereafter. Currently, the United States public debt is approximately $9.5 trillion, in long form, that’s $9,500,000,000,000. This ridiculous amountRead MoreAnalyzing The Stock Market Crash1097 Words   |  5 Pagesemerge the stock market crash. At the end of 2007 the national debt was approximately nine trillion dollars. Throughout 2008 companies and banks are becoming nationalized while others are being saved from bankruptcy. By the end of 2008 the national debt increased to ten trillion. Every year after the debt continued to rise. In August 2011 the Americas credit rating downgraded from AAA to AA+ (nifi.org). Also, during 2011 47 percent of the debt was owned by China, Japan, and the United Kingdom (nifiRead MoreBudget Wars : Debt And Sequestration1029 Words   |  5 PagesWars 7/26/2015 Debt and Sequestration in the United States The United States has adopted a persona of uncontrollable spending policies, and short term solutions. As the spending trajectory continues in a downward spiral, fueled by unsustainable policies, and current tax revenues, the national debt continues to grow. For many years, the United States has implemented policies that failed to address mandatory spending costs, which, unfortunately continue to outpace the national economy. FurthermoreRead MoreEssay On Tax Relief1522 Words   |  7 PagesEnjoy Instant Tax Relief With Professional Help From National Tax Attorney Nobody wants insecurity in their lives. Especially monetary insecurity. Everybody wants to live a happy and prosperous life. However life can change unexpectedly, just one error or miscalculation, perhaps a bad investment, and you might find yourself in debt, maybe even with penalties. Something that can become a very serious financial issue. People in Brookings, like all cities across America, have fiscal responsibility for