Over the years, the United States has spent a lot of money, accumulating trillions of dollars in national debt. National debt poses a problem for the future of our lives and for the lives of our children. Most people understand that debt is not a good thing; however, many Americans struggle with understanding the concepts of federal budget deficit and national debt. If Americans were more informed about the problems, then they might be more willing to help fix the problem. So the big question is “What should be done?” By finding a balance between generating more revenue and spending less money and informing and educating the people of the problem of national debt, as a nation we can together help reduce the amount of federal budget deficit and national debt.
The first logical answer to ending national debt is to stop spending. However, the answer is not that simple. If the government stops spending money, then certain government programs will be cut or changed. For example, we would like to see affordable health care for everyone. However, what is affordable to one person might not be to another. Thus, this poses a problem. We need to find a balance between what is affordable for most and spend what is needed. The problem of debt is accumulating at a fast rate and needs to be solved by finding a balance between spending money on government programs and cutting programs. We need to look to the future and realize things like education and health care should be a top priority in the country. Large government bail outs for large corporations, for example, might not be the best program for the government to be spending its money on with other issues that are more pressing. The stability of the economy is important and needs to be addressed, but through a balance. Finding this balance is the difficult part and can be found through careful observation.
In addition, educating and promoting knowledge on the government budget will greatly help solve this national crisis. People do not fully rely or trust the government because politicians do not directly address how they are going to spend their money. Many people wish they had more say in how the government spends their money and what programs the money is going to. If the people of the United States as a whole were more informed on where and why the money is being spent, then maybe they would be more willing to support the economy and the government. In addition, government officials need to take responsibility in finding ways to help the nation as a whole. Too many times in history, greed for money and power have influenced what programs were supported financially. As a nation, we need to protect our government from corrupt individuals who persuade the government to spend money where it is not needed. Even though this task is not easy, it needs to done. Educating and provide awareness on the issue of national debt will help Americans join together to provide a solution.
There is not an easy answer to solving the problem of national debt and the federal deficit. There are many ways and situations to consider. I believe by working as a nation, and by choosing and motoring elected officials, we can greatly reduce the national debt. In every circumstance, someone is going to be unhappy with the changes. However, if we keep going at this rate by creating more debt, the future problems are going to greatly affect everyone lives for the worst.