Warning: Use of undefined constant referer - assumed 'referer' (this will throw an Error in a future version of PHP) in /usr/home/essaywo/public_html/essays on line 102

Warning: Use of undefined constant host - assumed 'host' (this will throw an Error in a future version of PHP) in /usr/home/essaywo/public_html/essays on line 105

Warning: Cannot modify header information - headers already sent by (output started at /usr/home/essaywo/public_html/essays:102) in /usr/home/essaywo/public_html/essays on line 106

Warning: Cannot modify header information - headers already sent by (output started at /usr/home/essaywo/public_html/essays:102) in /usr/home/essaywo/public_html/essays on line 109
The U.S Debt - Online Term Paper

The U.S Debt

The U.S. debt is over $13 trillion, and does the Federal Government owe the sum of all outstanding debt. Nearly two-thirds is the public debt, which is owed to the people, businesses and foreign governments who bought Treasury Bills, Notes and Bonds. The U.S. debt is the largest in the world. Federal Budget Deficit Government debt is an accumulation of budget deficits. Year after year, the government cut taxes and increased spending. In the short run, the economy and voters benefited from deficit spending. This added interest payment expense usually forces a government to keep debt within reasonable limits. First, the Social Security Trust Fund took in more revenue through payroll taxes ...

Want to read the rest of this paper?
Join Essayworld today to view this entire essay
and over 50,000 other term papers

be paid back as the Baby Boomers retire. Over time, diminished demand for U.S. Treasuries will increase interest rates, thus slowing the economy.

How big is the U.S debt?

The U.S debt is currently at 13 trillion dollars and still rising. On November 8, 2006 the u.s national debt was 8.595 trillion dollars. It has rose about 5 trillion dollars since 2006. The U.S. treasury said that the U.S. debt should be up to 19.6 trillion dollars if we keep going at the rate we are ...

Get instant access to over 50,000 essays.
Write better papers. Get better grades.

Already a member? Login

CITE THIS PAGE:

APA
MLA
Chicago
Turabian

The U.S Debt. (2011, May 16). Retrieved April 18, 2024, from http://www.essayworld.com/essays/The-U-S-Debt/99195

"The U.S Debt." Essayworld.com. Essayworld.com, 16 May. 2011. Web. 18 Apr. 2024. <http://www.essayworld.com/essays/The-U-S-Debt/99195>

"The U.S Debt." Essayworld.com. May 16, 2011. Accessed April 18, 2024. http://www.essayworld.com/essays/The-U-S-Debt/99195.

JOIN NOW

Join today and get instant access to this and 50,000+ other essays

PAPER DETAILS

Added: 5/16/2011 11:44:52 AM
Submitted By: Jayster_9000
Category: Government
Type: Free Paper
Words: 274
Pages: 1

Save |

Report

SHARE THIS PAPER

SAVED ESSAYS

Save and find your favorite essays easier