Introduction
National Debt - The total amount of money that a country's government has borrowed, by various means.
National debt is a growing economical and public policy right issue over the past decades. National debt as defined is the total amount of money that a country's government has borrowed, by various means, but we will be looking at the United States budget deficit which is the government spending more money than the revenue, thereby causing large amounts of debt.This can cause great economical shift which would be a big problem. I chose this mainly because of my ignorance of this topic, If it gets out of hand it could become a big problem for me and my family which is why I wanna learn more about the topic. Also the fact that this topic isn't talked about as much as it should, allows me to talk about it and at least interest a few and make them less ignorant about the topic.
The U.S. has an accumulated debt of 19.2 trillion dollars, enough to distribute $59,508 between each person in the U.S. National Debt is increasing daily and will make what you pay out increase as well. I chose this topic because i'm very interested in how we acquired so much debt and how we acquired so much debt and how it will change United States political, economical, and Social State. The rapid increase in National Debt will change the economical state of the U.S. because they have to pay off the money in some way or fashion, which could mean an increase in taxes. Also as investors begin to notice that lending the U.S. is a risk too high to take the chance,They will begin to stop lending money to country, Causing an insane downfall in the economy leaving thousands jobless. This is a problem that will affect anyone below the age of 40 as we will be the ones that will have to live out this economic tragedy if it were to happen.
National debt is a growing economical and public policy right issue over the past decades. National debt as defined is the total amount of money that a country's government has borrowed, by various means, but we will be looking at the United States budget deficit which is the government spending more money than the revenue, thereby causing large amounts of debt.This can cause great economical shift which would be a big problem. I chose this mainly because of my ignorance of this topic, If it gets out of hand it could become a big problem for me and my family which is why I wanna learn more about the topic. Also the fact that this topic isn't talked about as much as it should, allows me to talk about it and at least interest a few and make them less ignorant about the topic.
The U.S. has an accumulated debt of 19.2 trillion dollars, enough to distribute $59,508 between each person in the U.S. National Debt is increasing daily and will make what you pay out increase as well. I chose this topic because i'm very interested in how we acquired so much debt and how we acquired so much debt and how it will change United States political, economical, and Social State. The rapid increase in National Debt will change the economical state of the U.S. because they have to pay off the money in some way or fashion, which could mean an increase in taxes. Also as investors begin to notice that lending the U.S. is a risk too high to take the chance,They will begin to stop lending money to country, Causing an insane downfall in the economy leaving thousands jobless. This is a problem that will affect anyone below the age of 40 as we will be the ones that will have to live out this economic tragedy if it were to happen.