What is the national debt? Spending financed not by current taxes, but by borrowing or drawing upon past tax reserves. Is it a good idea? Why does the U.S. run a deficit? Will the government ever pay the national debt off? Some people say the national debt is a bad thing, and predict possible doom; others say it is a safe and stable necessity to maintain a healthy economy. In the beginning the Government …
showed first 75 words of 1046 total

showed last 75 words of 1046 total
…managed creates a huge waste. As managed, social security is money spent to loose a large and fairly capable part of the work force. It encourages elderly people not to work by spending deficit money on them. Reducing productivity and increasing the debt at the same time. In its current state the U.S. should attempt to reduce its deficit but eliminating it is not necessary and could do more damage than good. ------------------------------------------------------------------------ **Bibliography**