The National Debt

Part I of Essay
For the past centuries, the american people dug themselves into a big hole which is . In this paper I will discuss the history of , effects on the debt/deficit, wais to reduce it and control the deficit. has increased every year from 1945 to 1995. The biggest increase o ....

Part II of Essay
.... times. The debt kept on growing so new president Lyndon Johnson developed new social welfare programs- Medicare, and Medicaid. The U.S. Government came up with the gold standard and stopped minting silver coins. The coins were then made from scrap pieces of metal and the cash became paper. Richard Nixon and Gerald Ford passed the debt and added to it. The first sign of bankruptcy occured during the Jimmy Carter Presidency. Inflation skyrocketed and interest rates fluttered near 20%. President Ronald Reagan made the economy act b ....