Why Is Debt Gone Wild

We believe that if Washington could see us now he would be very upset that we are $19.5 trillion dollars in debt. We think that he would be confused on how we went from what $77 million to $19.5 trillion in debt. He would also be confused on who was willing to give us that money. We also believe that he would be concerned that we have such a big debt and that 67.5% of the debt is to our own people and only 32.5% is to other countries. He also would have been a little bit worried about how much we borrow from others. He probably would have wanted us to stop borrowing as often as we do and only borrow when extremely necessary.

The single mothers and fathers, retired seniors, and college students would assuredly argue that debt is a nasty, complicated, horrible abomination. Matthews spent the majority of her life as a middle-class, working citizen with her own bills to pay on time, work clock to punch, and freak-expenses to count on. She knows what it’s like to be in that bind. But, unlike many others, she knew how to get herself out of the red and into the black. The government has been known to carry around a large wallet and light bank account. It is a primary goal of Matthews to get under control the rate at which money is flying off of U.S. and refocus it onto generating business for the American people.

Fixing the national debt is a coservercal issue within our government. Since the two parties have opposing views on how to fix it, it creates gridlock on the process of creating a plan to reduce it. (Perdue, 2015) Our federal government debt has extensively tripled since the year 2000 (see appendix A) (Historical Debt Outstanding Annual 2000-2015,2015), today our debt is a tad bit over nineteen billion. (U.S.NationalDebtClock.org , 2016) We have arrived at his point through the imbalance between revenues and spending, fueled by ever-high interest rates. Which will approximately result with us reaching ninety percent of GDP. (Greife, 2010) The government has no revenue. Therefore, the money it receives comes from the people and the

The U.S. national debt is currently $18 trillion dollars and it is rising fast. The national debt today is the highest the U.S. has ever seen. In George Washington’s Farewell Address, he declared the U.S. should avoid going into debt. If the nation end up in a deficit, that the debtors were responsible for paying off the debt so that it doesn’t burden the future generations. Like the rest of this advice in his Farewell Address, the nation ignored it. The ideal goal right now should be to stop the debt from increasing anymore because it is impossible to stop the debt from increasing and expect to pay it off in this generation.

Living in debt has become the norm for most U.S citizens, with nearly 80% of the population in some kind of financial dilemma. Even the national government is trillions of dollars in debt, and the main cause is spending money we don't have. If everyone would stop using credit cards, taking out huge loans, and buying houses that they really can't afford, the economy might slowly regenerate. Many people don't understand how fast debt can build up and how much interest rates can increase that debt. Yes, life would be a lot more difficult for many people if they could only use money they actually have instead of paying it back later and adding on debt, but sometimes change is needed. No matter how difficult this change may be to implement, it may

Debt in America is a huge problem today. This debt is caused by erratic spending, excessive borrowing, and by ignoring the average tax paying American. Erratic spending has been a problem since America was being born. Excessive borrowing is a problem because borrowing currency builds debt up tremendously. The Government has ignored the average American by spending too much on the environment and not looking at the country as a whole. Debt does not disappear quickly, but Americans can offer a little bit for the greater

The circle graph above shows the national debt as of December of 2014. The debt is only getting higher, and things aren’t looking good for the future. The United States isn’t acquiring enough revenue to keep up with it’s excessive spending.

One trillion dollars is an astounding amount of money. What if I told you that the United States of America is in debt not just one trillion dollars, but nineteen trillion dollars in debt, as of 2016. As time goes on, the United States only continues to rack up more and more debt. It is estimated that in just 4 years, our national debt will increase by about 2 trillion dollars. The truth is, our country has been battling debt ever since it was founded. Today, with the debt increasing so fast, every politician is striving to balance the budget, so the United States can continue to be the best country it can be. If the United States cannot dig itself out of this ever deepening hole, national security will become an issue, influential power will be stripped away, and ultimately quality of life in this nation will become extremely undesirable. I believe the United States national debt is a huge threat to our country and something must be changed in order to battle this crisis.

Is getting a college education worth going into debt? That is a good question and one that I say yes to. There are many reasons to go to college, such as getting that high quality education to go further in the job you currently have, or to get an new job all together. Another reason could be to become a good role model for your kids, or just so you can proudly say you were the first in your family to go and graduate to college. Another reason could be that you simply go because everyone else in your family has been. Whatever the reason, there are definitely benefits to going into debt in order to go to college, because it has almost become necessary to have a college degree to have a good job.

Most Americans find it ludicrous that the U.S. could collapse due to the economic default on its debt. America appears to be prosperous and everlasting, and is believed that is how it will remain. Soon, there won’t be enough money in the world to keep the living style of America. In John Hawkins article 5 Reasons America is in Decline, emphasizes the decline by stating “by 2020, it will take ’19 percent of the rest of the world’s GDP’ (gross domestic product), just to finance our debt and we’re likely still to be going further into the red at a rapid pace even then.” This process will cause America to have new enemies and more debt in the future.

During presidential bids for the White House and Congressional deadlines for increasing the debt ceiling, huge debates break out as to the enormous amount of debt incurred by the federal government. Throughout our nation’s history, national debt at this magnitude is a new things. The accumulation of this amount of debt has its consequences, especially when the debt hits the nations GDP (Gross Domestic Product), or the revenue the nation takes in per year.

Some of the hardest decisions people contemplate are determining how to handle their finances, especially when funds are plentiful. More to the point, few people seek counsel from professionals who are trained to assist them. Consequently, they are likely to become entangled in debt and ill prepared for times when funds are low. While there are a number of reasons why individuals fail to seek professional assistance as it relates to managing money, there is evidence that this is not supported biblically. Proverbs 13:10, states that, "Through pride and presumption comes nothing but strife, but [skillful and godly] wisdom is those who welcome [well-advised] counsel (Amplified Bible).

There is a lot of things in this world that we have done in the past to get us where we are right now medicare being on of them. There are thousands of reasons why we are in debt medicare all the wars we were in paying countries and them needing to pay us back the depression the baby bomb. We have a problem paying taxes and it going to people who don’t want to work or can’t or there do work there just don’t get payed enough. There is no problem till we can’t trust our government from lying to us about vietnam because you think hey what else are they hiding like were is are taxes really going to.

1. If the U.S. debt is growing, why doesn 't the government cut back on spending and can you make any recommendations on what to cut? (Hint: You should consider the list of "Largest Budget Items" listed on the Debt Clock before making recommendations.)

The American debt clock sits at around 20.5 trillion dollars today, but when I.O.U.S.A was made America’s debt was at 8.7 trillion dollars. Obviously the United States debt is an ongoing problem that will one day implode and every single U.S. citizen will have to deal with it. America’s debt was initially caused by war, and more wars over the years made it increase and decrease. There has actually only been one time that the United States has had no debt, January 8, 1835. The debt of the nation cannot be blamed to any specific party, because the republican party and democratic party have both played a role in increasing the nation’s debt over the years. There are four major things that contribute to the debt: Budget deficit, saving