Payton Callihan
Gabrielson
ENG.100.002
2 December 2015
National Debt American politicians should address the key issue of national debt as a platform to carry them through their presidential campaign. The increasing national debt is at an all time high of 18.2 trillion dollars. This national debt affects the citizens of the United States by raising their interest rates, inflation and decreasing economic growth. If the national debt doesn’t get addressed, the United States could be looking at 20.6 trillion dollars in debt by the year 2019. Lacking the ability to decrease the national debt, Americans are being forced to face the aftermath. Americans are questioning how the national debt is affecting them, why the United States is in so much …show more content…
The national debt will cause slow economy growth because it raises the interest rates and the inflation. With raising interest rates and inflation it will result in the loss of jobs. The loss of jobs inflates the national debt because the government has to find a way to gain those jobs back, which means spending more money. The politician Donald Trump believes that he can get the economy up 3%, which is quite reasonable, with his tax proposal. Trump was asked how much economic growth his tax proposal would generate when he says, “We are looking at a 3% but we think it could be 5 [percent] or even 6 [percent]. We are going to have growth that will be tremendous.” This will boost the economy, decrease interest rates, decrease inflation and ultimately lower the national debt. Politicians like Trump need to come to the forefront and do what is necessary to decrease the national debt and give Americans the right to a comfortable …show more content…
The main source for the debt is due to deficit spending. Deficit spending is when the government spends more than it earns in one year. This money that is loaned to the government adds to the national debt. A politician running for the Presidency must be able to explain how he or she will lower deficit spending, while in turn lowering the debt. 2016 Presidential Canidate, Ben Carson, is one politician ready to cut deficit spending. Carson states, “No, I would provide the kind of leadership that says, "Get on the stick guys, and stop messing around, and cut where you need to cut, because we're not raising any spending limits, period." Carson is clearly adamant about not raising the amount of money the government gets to spend and will cut costs wherever it is necessary to do so. Some ways to lower deficit spending is to stop mailing a record of everything the government does, end printing of everything congress says, eliminate Saturday postal delivery and replace the one dollar bill with Sacajawea coins. This overall will lower deficit spending by $3,296,000,000 dollars. Deficit spending is clearly the dominant factor for the amount of debt we have collected, but we have candidates, such as Carson, to help cut costs and lower the
Gabrielson
ENG.100.002
2 December 2015
National Debt American politicians should address the key issue of national debt as a platform to carry them through their presidential campaign. The increasing national debt is at an all time high of 18.2 trillion dollars. This national debt affects the citizens of the United States by raising their interest rates, inflation and decreasing economic growth. If the national debt doesn’t get addressed, the United States could be looking at 20.6 trillion dollars in debt by the year 2019. Lacking the ability to decrease the national debt, Americans are being forced to face the aftermath. Americans are questioning how the national debt is affecting them, why the United States is in so much …show more content…
The national debt will cause slow economy growth because it raises the interest rates and the inflation. With raising interest rates and inflation it will result in the loss of jobs. The loss of jobs inflates the national debt because the government has to find a way to gain those jobs back, which means spending more money. The politician Donald Trump believes that he can get the economy up 3%, which is quite reasonable, with his tax proposal. Trump was asked how much economic growth his tax proposal would generate when he says, “We are looking at a 3% but we think it could be 5 [percent] or even 6 [percent]. We are going to have growth that will be tremendous.” This will boost the economy, decrease interest rates, decrease inflation and ultimately lower the national debt. Politicians like Trump need to come to the forefront and do what is necessary to decrease the national debt and give Americans the right to a comfortable …show more content…
The main source for the debt is due to deficit spending. Deficit spending is when the government spends more than it earns in one year. This money that is loaned to the government adds to the national debt. A politician running for the Presidency must be able to explain how he or she will lower deficit spending, while in turn lowering the debt. 2016 Presidential Canidate, Ben Carson, is one politician ready to cut deficit spending. Carson states, “No, I would provide the kind of leadership that says, "Get on the stick guys, and stop messing around, and cut where you need to cut, because we're not raising any spending limits, period." Carson is clearly adamant about not raising the amount of money the government gets to spend and will cut costs wherever it is necessary to do so. Some ways to lower deficit spending is to stop mailing a record of everything the government does, end printing of everything congress says, eliminate Saturday postal delivery and replace the one dollar bill with Sacajawea coins. This overall will lower deficit spending by $3,296,000,000 dollars. Deficit spending is clearly the dominant factor for the amount of debt we have collected, but we have candidates, such as Carson, to help cut costs and lower the