United States public debt

inequality in the United States. In Robert H. Frank’s essay, Income Inequality: Too Big to Ignore, he explains that the United States got to this point of income inequality through years of economic stagnation caused by policies that favor the rich, and discusses the harmful effects of this phenomena. In Paul Krugman’s writing, he too says that income inequality is a problem caused by economic and fiscal policies designed to help the rich and he outlines the ways the United States can fix the…

Some even say that student debt may soon become America’s next major economic crisis (Oxford Analytica Daily Brief Service 1). It is estimated that the average student loan debt on the United States is around 26,000 dollars and student debt as a whole adds up to approximately 1.3 trillion dollars. Too many people are perpetually stuck in debt and too little is done to aid these former students. University costs are on the rise to this…

Those pursuing higher education within the United States are facing financial obstacles and unfair opportunity, directly in relation to those living within poverty. Whether or not our upcoming generations will be given the same, if not a greater opportunity towards higher education, is dependent on the decision pertaining towards educational reform. An individuals pursuit towards higher education needs to be addressed when the affordability spectrum dilutes the fairness of equal opportunity: all…

three-part plan. After the Revolutionary War and a failed government under the Articles of Confederation, the Unites States was given a fresh start for a strong and centralized government. One of the major problems facing America’s first federal government was how to deal with the financial and economic chaos created by the American Revolution. Many states in the union had war debts and paper money had little to no value. The U.S.A. needed a resilient economy in order to establish a strong…

The first sign of debt in America started in 1929. The American stock market crashed. The Great Depression was caused by misbalanced distributions of wealth, war debts, increase in tariffs, excessive production in agriculture and industry, and doubts of the stock markets. As a result, spending dropped, and as production decreased, unemployment increased. Most of the countries businesses failed. Americans were led to buy on credit which led them to falling into debt. Half of the country’s…

On November 8, 2016, the people of the United States of America will vote on who they want to be the president for the next four years. The top two representatives for the Democratic Party are Bernie Sanders and Hillary Clinton. Because these two associate with the same party, their opinions resemble, but their ideas for several issues such as minimum wage, health care, and college affordability, differ. An issue that has been discussed about a fair amount recently is federal minimum wage.…

caused by sloppy lending practices at banks, overextended them and compromised essential liquidity to pay their own debts. Investopedia.com reports that Lehman Borothers, the fourth-largest investment bank in the United States, was forced to declare bankruptcy with $619 billion in debt versus $639 billion in assets in 2008. A vast number of defaults caused this razor-thin margin of debts-to-assets to become unsustainable, so the company filed for bankruptcy in the largest case of its kind in…

that these decisions were very self-interested by the elites of the governments, and were made on behalf of personal monetary gain by the wealthy. I found some statistics that support my argument that Latin America was much better off before the United States jumped in, and the choices made by a newly elected official were to his benefit, not to the benefit of the citizens. When looking at something very important like the annual GDP growth rates some numbers stuck out to me such as, according…

about “should California secedes from the US and become its own country,” people should understand what an independent country is. The United Nations (UN) has five requests for an independent country – to demonstrate political independence, diplomatic capacity, territorial integrity, legislation and justice, and population. Even so, it is not easy for a city or state to become a country. Fortunately, there are many examples in history. The examples shows that moving from a semi-autonomous region…

people financially. Right now free college is beings talked about with the current student debt, the college plan itself, other countries, the cost, and rising tuition prices. The United States student debt is at an all time high with 1.1+ trillion dollars (Schrager). One free college plan is called “The Sanders Plan”. The Sanders plan would make getting a bachelors (4 year) degree tuition free for public colleges, lower interest rates, make colleges pay for 100% of the costs…