The National Debt in the USA is bad for many reasons
The National Debt in the USA is bad for many reasons. In September 2008, the National Debt reached $10 trillion. The National Debt has risen up fast because of unnecessary foreign wars that the USA has participated in. I feel that the Korean War, Operation Desert Storm, Operation Iraqi Freedom, The Gulf War, and the War on Terrorism.
We may never know just why George H.W. Bush and his son George W. Bush were so careless in Defense money spending. I think it was dumb to foolishly spend money that the USA does not have on situations that were not always an immediate serious threat to USA National Security. Both George Bush presidents have made the biggest mistakes the USA has ever seen. It can partially be the Bush family’s fault if America goes out of control in a downward spiral.
In 1790, the National Debt of the USA was $70 million. You can see that it is shocking to see it at $10 trillion 218 years later in 2008. The National Debt was at $260.12 billion at the time of World War II. $10 trillion is still a lot more than $260.12 billion in as little as 63 years between WWII and 2008.
I think that the members of congress should seriously take a good look at what they have been voting “yes” on. It seems to me that something has gone wrong with the US National Debt.
Compared to China, there are fewer national debts because they add chances for people to get jobs. It is important to note the reverse multiplier effect with the loss of jobs.
The national debt will probably never be repaid. The national debt keeps more expensive each year.