The National Debt And The Federal Debt Essay

1071 Words Nov 4th, 2016 5 Pages
As a citizen of this country, we should all be concerned with the national debt. At some point, the United States is going to figure out a solution to pay back the debt quickly, which will in turn impact every American. As you watch the National Debt Clock, the numbers just keep going up. They never stop or go backwards. The national debt may have started at a bit over $19,000,000,000,000 when this course was developed, but it certainly hasn’t seen a decrease since then. Everyone is always playing the blame game when it comes to debt, whether it be the Republicans fault or the Democrats, each party has their own agendas, and they are just going to keep spending. Nobody likes to pay back debt, because, just like a credit card, it is easy to just keep using that credit limit, and avoiding the whole balance is easier to do then to just look at what the minimum payment is. The national debt is much like the wall that President Reagan described, and we need to “tear down this wall” (Historical Speeches TV, 2015.).
There have been attempts to try and figure out how some of the debt can be paid back, by making cuts. At times, the federal government has even shut down, which meant federal employees and even members of the military were not getting their pay checks. When the Great Recession happened, between the late 2000’s and early 2010, the debt was at about 40 percent of GDP (Gross domestic product), and in order to fight the recession, Congress decided to enact an…

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