United States public debt

shrinking too fast. Wessel mentioned that our deficit now is larger than it was in 1945 and every year since but at the time this article was written he noted that the total debt stood at $16 trillion and while it was not yet at the debt ceiling that the government has set, it was quickly approaching it. Even now our debt continues to grow, it is now at over $19 trillion dollars. The federal deficit has gotten smaller, it dropped from 10.1% of the GDP in 2009 to 9.0% in 2010 and it dropped…

With the national debt projected to grow to average of nearly 100 percent of the GDP by the end of the decade, President Obama needed to find a way to combat this as most economist would find this number very problematic. This current fiscal path would not be sustainable and will drive up interest rates for all borrowers making it more expensive for business owners to raise capital and create jobs. The higher debt will cause the government to spend more money on interest payments making less…

Introduction: Today our countries federal debt, also referred to as the “national debt” is more than twenty trillion dollars. A trillion dollars sounds like a really big number but seeing what 20 trillion dollars looks like is truly astonishing. Why does our national debt continue to grow? Why should we care? What can we do? BODY TRANSITIONAL STATEMENT: Our national debt continues to increase at an alarming rate: why haven’t we addressed it? I. In FY2017 our countries obligations or outlays…

The current U.S. debt of twenty trillion dollars worries numerous Americans as it appears to only grow each passing day. Reducing or paying off the national debt is an extremely difficult affair as cutting funding appears to be the only option for the United States’ government at the moment. The decision of cutting funds from healthcare, national security, social security, and multiple other programs affects the U.S. population in a highly negative manner. Nonetheless, such actions have been…

Throughout President Obama’s two terms it could clearly be seen that deficit has decreased by a significant amount. According to the nonpartisan Congressional Budget office numbers show that this year deficit has been the lowest ever since Obama has served. These major differences occurred because of cuts in federal spending and because of economic growth. Most estimates conclude that unemployment rate will actually go down due to more encouragement for the people in the work force. Also, the…

The United States is known as the country to work hard and succeed, yet at the current time it is facing a high employment rate and a piling debt. According to Trading Economics, the unempolyment rate is 4.6 percent, whiles according to the US Debt Clock.org our country is in over 19 trillion dollar and counting. In addition, according to the US Debt Clock.org at the current moment, the official unempolyed number is 7,391,722, while the actual unempolyed number is 14, 820, 393. Although people…

As the United States purchases resources and money, this called expenditures, our debt increases since we cannot give back what we acquire. According to Henry Aaron's article, The Total debt in the United States is $17.6 trillion in which $5 trillion are held by government agencies (Social security administration), $6 trillion in foreign government such as…

Democrats and the Republicans, are federal debt, Social Security, healthcare, and gun control. The Republicans think we need to put a plan into action about the…

Recently a debate has surfaced about whether or not the United States should continue to produce the penny. The penny has been around for a long time but it seems there is no use for it any longer. Although it is small it has cost the U.S. lots of money throughout its near 200 years of production. So the question here is should we really continue to produce a worthless coin? The Canadian government has recently decided to stop the production of the penny. In the article “Penny Wise, Or 2.4…

National Debt and You National Debt is the net sum of annual budget deficits within the National government. Budget deficits occur when a government’s expenses exceed its revenue, or income. To reduce these differences, the Treasury will often issue bills, notes, and bonds in which people can invest their money to increase the government’s income. National Debt is not a recent concept. It has been a governmental problem since the Revolutionary War. In 1791, the debts amounted to over $75…