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The National Debt
Part 1 of Paper
....r 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 trillion dollars. Right after the Civil War the debt held at three
billio.... Part 2 of Paper
....ere then
made from scrap pieces of metal and the cash became paper. Richard Nixon and
Gerald Ford passed the debt and added to it. The first sign of bankruptcy
occured during the Jimmy Carter Presidency. 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 .... |
| Number of words: 484 - Approximate pages: 2 |
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