National Debt Growth :: Argumentative Economy Economics Papers

National Debt Growth I believe that the growth of the national debt creates a problem that is great to be of little concern. I believe that todays social programs are in big trouble, and just are not going to work in the future. For example, it seems to me the social security is a dream program especially for the baby boomers who can not expect a small population of younger people to pay the bills. I also believe that that a lot of government services waste money in obvious and obsurd ways. For example, the F-117 stealth fighters that cost five hundred million dollars and don't live up to the performance capabilities that were oringinally proposed. The government should reduce spending and do what everyone else does on a slim budget and spend only what is neccesary to survive and grow. I also think that we can no longer roll over debt since the national debt is growing faster than the economy. As a country I think that we need to look at the possible and impossible commitments that we can make, and take a look at where we are going to get the money. The Treasury is all ready considering borrowing money from social programs like the G-Fund and the Civil Service Retirement and Disablility Fund so the federal government won't default on its loan obligations. Although I don't think that it is good to cut from social programs, I do think that we need to decide if we want a national debt that can't be sustained and is bad for investment or a social security system that might not be around anyway. I also think that social programs in the government needs to be simplified, and operate in a more efficient manner. It seems to me that collecting taxes, and handing out expenditures to many different programs, a lot of which I probably don't know what they are. It takes a lot of clerical work to run these programs though, and the money seems to get filtered