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Cutting The National Debt
"It's time to clean up this mess." Famous last words heard from the
mouths of many different politicians when talking about the national debt and
the budget deficit. Our debt is currently $4.41 trillion and we have a budget
deficit of around $300 billion and growing. Our government now estimates that
by the year 2002 the debt will be $6.507 Trillion. While our politicians talk of
balancing the budget , not one of them has proposed a feasible plan to start
paying down the debt.
In the early days of our government debt was considered to be a last
resort. In 1790, when Alexander Hamilton, as secretary of the Treasury, made
hi ....
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