The U.S. National debt in detail

Author: Nd24007 ,

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    Part 1 fundamental ( 11.38 mins)

    1. To cut spending

    2. Raise taxes

    3. Increased economic Growth

    But all three has there own problems

    1. The U.S. could cut spending, but then it would hurt the economic growth.

    2. To Raise taxes but it would encourage less spending. It would lower business earning.

    3. For the economy to earn more money at a faster rate than the US debt. However no one in the Republican nor the Democratic know how to do this. The Republican want to lower taxes and the Democratic want to increase taxes. But both would still add to the national debt.

    Part 2 Accumulation (10.45mins)

    History time line.

    Part 3 is coming......

    The debt in real time

290 days later