National Debt :: Argumentative Economy Economics Papers

National DebtHow large are we dismission to allow the national debt to become? If we believe that it never comes due wherefore itssize is of little concern. However, that belief is like that of the ostrech bury your head in the sand soyou can not see the difficulty and the problem goes away.The particular is that the size of the debt is nearly five trillion dollars and grows by an fairish of 620 milliondollars every day The cause is that every year the administration spendsmore than it collects in taxes. The government activity makes up the difference by acquire billions of dollars annually, competing against private enterprise for theuse of money saved by American citizens. That money should be used for investments to improve our standardof living and compel a brighter future. Instead, our savings are being used by the government to pay for todays consumption, for special interests and for the interest on money borrowed in preliminary years. At the present rate of growth the interest payment leave alone eventually be greater than the current debt. Can we afford this? atomic number 18 there enough creditors to support such an enormous burden? What go away happen to our future, our childerns future? We are spend it for them now before they suck a say about it. Surely this cause of deficit spending is leading us to national bankruptcy. A new policy geared toward a zero deficit essential be adopted. This means that we must change the way we view spending on the entitlement programs, defense and internal discretionary programs. Between 1980 and 1990 the national debt quadrupled from 800 million to 5 trillion. The current trend of spend every cent we can get our hands on and borrow the rest by mortgaging ourfuture must be stopped. The fact that past investment in government bonds was sound and secure does not predict that the future will remain the same. How can