Examines statistics, G.N.P., deficits, causes & effects, economic expansion, role of government, demand & production, role of West Germany & Japan and possible solutions.
Written in 1989; 2,475 words; 12 sources; $ 87.95
From the Paper:
" Within the past decade, America has fallen from the top of the Mount Everest into the Marianas Trench of debt. We have gone from the largest creditor nation to the largest debtor nation within only six years.. It is surprising that, even with this mountainous debt, our economy is rolling through the longest peacetime economic expansion in U.S. history. How can the U.S. government continue to borrow hundreds of billions of dollars every year without affecting the economy? The truth is that it can not. The present relationship between the U.S. deficits and the U.S. economy is like the race between the tortoise and the hare. The U.S. economy has managed to stay ahead of the recession, but unless the government changes its attitude, the deficits will catch us and plunge us into a recession. In general, deficits and debts are not always detrimental, but the (...)"
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