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Get the Shovel, and Start Filling
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Essay by:Aubrey Koeppe
Emporia State University
It’s time to get out the shovel, and fill the hole of debt America has created. The national debt for America was created by us spending significant amounts of money, and borrowing money from other countries to pay for our government budget. Even though we are in a great amount of debt, as of right now we aren’t in any dangers. However, if our debt continues to build we could run into problems,
In the recent years, one of the main occurrences that has been digging the hole deeper is the war. The cost of war so far has been over billions of dollars, and continues to grow each and every day.
The worst case scenario could occur if one of the countries who loaned us the money suddenly demand it back when obviously, our country does not have the means to do this. The worst thing that could happen is a war could begin. If the other country decides it’s time for the United States to pay them, and are angry that we are unable to do that, it is possible for a war. It’s not very likely that this will actually happen, but it should be kept in mind that anything could happen. Since our country loaned out so much money to other countries after World War II and never asked for any of it back, hopefully those we own money to now will keep that in mind, and buy us more time.
Another consequence of our national debt would be a total economic crash. This will effect many different things; the housing market has already been suffering a great deal. There could be another major stock market crash sending the country into another depression. Many businesses are closing, and millions are losing their jobs. It is already fairly hard to find work in some places, and that will only get worse. Something needs to be done to get our country back on track and out of the giant hole it’s in.
What needs to be done is a reform which is along the lines of budget cuts. However, this depends on what we are willing to cut: Medicare, Medicaid, education, defense, unemployment benefits, infrastructure, stop giving bailouts to companies, plus numerous other little projects. Unfortunately, no one wants to make any cuts. One of the things I would be willing to cut would be the infrastructures such as highways and utilities. In my town, there has been some recent construction involving traffic coming and going off of the highway. Also, I do a lot of traveling, and I tend to run into a lot of reconstructing of the highways that seem to be fine and durable. Ending the war would also be a huge money saver, but that is easier said than done. The war cannot end over night, and must be done with caution. Another thing to cut would be all of the little projects that Congressmen push for to make them more popular, but in reality probably aren’t of any benefit to us. Making drastic cuts does not seem like the answer, but by making smaller cuts to several groups for a while would cut back expenses tremendously.
The only down side to making budget cuts would be the effects it has on everyone. Some people will be effected negative, while others might not be effected at all. The trick to budget cuts is making sure people are still comfortable and can get along with their lives without troubles. If I had the answers to solve everything, I would gladly share them. Unfortunately, I don’t. And unfortunately, by making cuts not everyone will be satisfied. That’s where the trouble comes in with what to do.
It is quite apparent that America needs to start getting in gear. All of the debt our country is in will eventually catch up and effect everyone. Times may get hard by making cuts, but if they are made the right way, and planned out fully the hard times do not have to last forever. Everyone needs to make sacrifices and work together to help get our country back on track. We should each do our part and grab a shovel to help fill the hole our nations debt has created.
»A new report finds the main problem in getting the public to deal with our fiscal problems isn't opposition to tax increases or spending cuts -- it's their lack of trust in the government to spend their money wisely.