TECON ESSAY#3.docx - The united states government has continuously been swimming in national debt The government has a long history of debt since the

TECON ESSAY#3.docx - The united states government has...

This preview shows page 1 - 2 out of 4 pages.

The united states government has continuously been swimming in national debt. The government has a long history of debt, since the beginning or formation of the government. However over period of time the national debt been rising and has become a hot topic for politicians and for the nation as well. According to CBO our nation's debt “ is high in relations to the size of our economy and will likely rise faster than the economy can grown over the several decades if budget policies are not change. Debt held by public is about 74% of the GDP and likely to rise to 87% in the next decades and will keep rising (Rivlin Debt Rising but a criss)”. In addition, in this essay I will argue how much does U.S rising national debt matter and what to do about the rising of the nation’s debt for the future? Finally I will conclude with some current or future policies that I believe will nearly close the gap of the national debt or somewhat bring some attention for a reduction. However I believe that if these questions are not answered with coming decade or so I believe that our country’s economy will be in crisis. The problem with national debt rising is that our government misuses the funds and distributes in the wrong places such having too much burden on social security system, too much expense in our military or U.S defense and the health care budget entitlement is creating a bigger problem over period of time. We need to prioritize and fund or pass expenditures that will bring a faster and sustainable growth for our economy. First, over period of time many government official and politicians have been having this debate whether we are putting too much burden on our social security system. Some would argue
Image of page 1

Subscribe to view the full document.

Image of page 2
  • Fall '15
  • Whitney

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask 0 bonus questions You can ask 0 questions (0 expire soon) You can ask 0 questions (will expire )
Answers in as fast as 15 minutes