The National Debt in the US
Title: The National Debt in the US
Category: Business & Economy / Economics
Details: Words: 516 | Pages: 2.2 (approximately 235 words/page)
The National Debt in the US
For the past centuries, the american people dug themselves into a big hole which is the National Debt. In this paper I will discuss the history of the national debt, effects on the debt/deficit, wais to reduce it and control the deficit. the national debt has increased every year from 1945 to 1995. The biggest increase of the debt was from the years 1985 to 1995 whwn it went up about three trillion dollars. Right after the Civil …showed first 75 words of 516 total…
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…showed last 75 words of 516 total…still growing. Most of the money the federal government spends goes to entitlements. Entitlements are directed government checks to individuals. Social security is the biggest entitlement and the biggest item in our national budget. Politicians say that social security is where the money is at.
The national government predicts that by the year 2002 the national debt will be at 6.507 trillion dollars. I think that the national debt will be a continuing battle throughout our lives.
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