National Debt Research Paper

Decent Essays
A large issue troubling the United States is the National Debt. National Debt is the amount of money that the U.S. owes to other nations. Right now, the National Debt is at an estimated $18 trillion dollars with a constant incline of $4.3 billion dollars everyday. The U.S. attained this debt as a result of deficit spending. An example of deficit spending can be seen in the Camp David Accords because the U.S. pays both Egypt and Israel $1.5 billion dollars, each year, to ensure harmony between nations. However, the United States are giving away money that they do not actually have in their possession, which aids in increasing the National Debt. We can diminish the National Debt by eliminating deficit spending, limiting the amount of annual spending,

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