United States Government: Nation's De...

            The National debt for the United States of America is somewhere around $10trillion plus.  Experts expect that this trend will keep going up in 2012 they expect it to be around $12trillion or more.  The big question is what can we do about this to stop our bad habit of constant spending?

            If we look back at our history going back as far as the gulf war when Bush was in office we had a debt of about $3-4 trillion.  But then after that was when President Clinton took office he was about to stabilize our spending.  From the time Clinton took office he was able to cut our spending and raised our revenue by 35% and of this 35% he only spent 9% of it.  But since George W. Bush took office he has been about to only raise about 10% revenue and we are spending 25%.  So that being said we are spending more money then we are actually receiving. 

            If we don’t find away to stop this and lower the national debt then there are some major consequences that could happen.  If we do find away to bring this country out of debt or at lest find away to lower the national debt then there would be some great things that could happen.  If we don’t find away to fix this problem then we could possible see a second great depression.  If we were to see this happen many of us in America aren't ready for that and it would possibly hit us harder than the Great Depression did itself.  There are many more terrible things that could happen that we are not ready for.  With is constant increase in spending and no saving it could cause inflation and could then adversely affect the job market and hurt the economy even more than it already is.  This would increase the rate of unemployment and make it that much harder for us to come out of debt and would could possibly be another Depression.  But if we do figure out away to get out of debt then there would be very great rewards.  A decrease in debt would increase the value of the dollar along with help out our economy.  A decrease in debt would help out the economy in possible decreasing inflation and increasing the number of jobs in the job market.  With the decrease of debt now would pull out country’s economy out of recession and keep it from going into another great depression. 

            There may be many ways to do this and it would be great if they all worked and all agreed on one to choose.  But let’s face it that would be unrealistic because we know nothing is ever that easy.  I’m not sure that everyone agrees with this but I know a lot of us do, we need to gradually start pulling out of Iraq and cut our spending there.  That is probably the largest expense that we have in this era under George W. Bush.  Probably one of the best ways to do this is to gradually turn it over the Iraq police and military.  But for this to happen things will probably get worse before they get better.  By doing this it would decrease spending by our national government and increase our revenue.  Another way to also decrease spending would be to decrease the unemployment rate for the United States of America.  But in order to decrease unemployment we need to start watching what we spend our money one.  What we could also do is take some of the money that we earn and put it into savings.  Something that the government could do to help out the unemployment rate is lower taxes.  Buy doing this people would have more money to spend and would be willing to spend it.  With more people spending money this would create more jobs in the job market there fore decreasing the unemployment rate. 

            With all that being said America need to pay more attention to the national debt, because if we don’t then it will come back to be a very dangerous thing for us and could possibly be to late for us to come out of it.  But as was stated early one of the best ways to fix this problem is by getting out of Iraq.  Also if we decrease the national debt then that would help out our economy.  If we do this then the unemployment rate would go down and people would spend more and keep our country from going into a Depression.