United States National Debt

Paper Summary:

This paper provides details of the U.S. national debt together with some of the opinions that are held in regard to the large amount of the debt. It also sets out the economic implications for the USA at present and in the future.

Outline:
Economic Effects
Effects on the following generations
Debate on the federal debt

From the Paper:

"The restrictions imposed on credits, combined with the increased costs of purchasing the credit will generate fewer investment opportunities and fewer development resources. Companies will have to be restructured; they will be obliged to downsize their employees and increase the prices of their products and services in order to avoid bankruptcy. This will generate a general price increase and also an increased unemployment rate. Also, a national debt that is increasing at a superior rate as compared to the economic development rate is likely to generate dollar devaluation in comparison to other international currencies, such as the EUR, GBP or the YEN.
"As such, the major impacts a continuing ascendant national debt will have upon the economy reveal a growing demand for credits and the increasing costs of credits, the general price increase, a growing unemployment rate and the devaluation of the national currency."
"

Sample of Sources Used:

• Schedules for Federal Debt - Daily, Unaudited, Treasury Direct, October 16, 2007, http://www.treasurydirect.gov/govt/reports/pd/feddebt/feddebt_daily.htm, last accessed on October 17, 2007
• Cashell, W.B., The Federal Government Debt: Its size and Economic Significance, CRS Report for the Congress, March 2, 2005, http://209.85.135.104/search?q=cache:aLXsnXpt6jQJ:www.concordcoalition.org/doc/crs-debt-basics.pdf+economic+effects+of+national+debt&hl=en&ct=clnk&cd=5&client=firefox-a, last accessed on October 17, 2007
• NDAC National Debt Debate, Federal Budget, October 2, 2007, http://www.federalbudget.com/debtdebate.html, last accessed on October 17, 2007

More papers on United States National Debt:

• Essay # 35103 : "National Debt"
• Analytical Essay # 144554 : "National Debt"
• Cause and Effect Essay # 73282 : "National Debt"

APA Citation:

MLA Citation: