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The National Debt
Beginning of paper
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 tril ....
Middle of paper
....ency. Inflation skyrocketed and interest
rates fluttered near 20%. President Ronald Reagan made the economy act better,
temporarily. To make the economy better, Reagan invented something called a
credit spree. A credit spree in my opinion is when we go out and buy everything,
but we put in on a charge (spending money we dont have.) The governm.... |
| Word count: 484 |
Page count: 2 |
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