National Debt :: Economy Economics Argumentative Papers

National DebtThe commonwealthal debt has al elans been a study concern of the american public, whether they truely know what it is all about or non. What well-nigh people do know is that the debt that our country has is continualy growing hot and faster at an unbelievable rate, toan amount that many of us can not even imagine. The national debt and its problem has been an on going issue in todays headlines, and each president is faced with this buring problem. President Clinton triedto install a balanced budget stick out during his current term in office, even it lost 99-1. Althought thepublic was not able to vote on this plan directly, we, orat least I have an opinion concerning the issue. I personally believe that the fact that our nationis constantly growing more(prenominal) than in debt by the minute is a majorproblem. Although that techincally we do not have to pay it, is not the point. What is the point is that weare a nation that is in debt. According to re ports, since1981, our national debt has grown faster than our economyhas, which to me seems to be a problem. If this debtwas to be spread out among the people it would be morethan the average american would be able to pay. We therefore, need some pattern of policy that wouldeventurally supply our national debt to some reasonable amount. A cutting policy would help by lowering the currentinterest rates, which in turn would intromit for moreinvestment to occur. This would raise our real GNP ofthe economy. This increse in investment would also affix our national savings as well, which would leadto an increase in the national income average of ournations average families. Considering the amountof our debt, this healing process needs to be through overa long period of time. According to research, if doneto quickly it would only hurt the current economy. Ifwe are going to cut the governmental sevices it will need to be done in undersize doses. This will enable theaverage ame rican to respond and prepare for the cuts. That way the american will not be hit as austere by thegovernmental cuts if they are prepared, and the effectswill not be as harsh.