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The National Debt
For the past centuries, the american people dug themselves into a big
hole which is . In this paper I will discuss the history of
, effects on the debt/deficit, wais to reduce it and control
the deficit. has increased every year from 1945 to 1995. The
biggest increase of the debt was from the years 1985 to 1995 whwn it went up
about three trillion dollars. Right after the Civil War the debt held at three
billion dollars. In 1900, this debt of three million dollars had decreased to
one million dollars. In 1919, at the end of the World War 1, the debt
skyrocketed to 25.5 billion. When the Wall Street fell apart in 1929, ....
Word count: 484 - Page count: 2
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