Monday, December 19, 2011

Issue of the Week: National Debt

1. How much has the debt increased in the past few years
- The national debt is currently approximately $15 trillion and is continuing to increase. Each year it increases more and more. In 2008 national debt was $10 trillion and in 2004 it was $7 trillion.


2. How much of the blame can actually be put on the presidents that we have had during the rescission?
- People can blame the president because his actions factored into our debt. For example, Bush's decision to go to war with Iraq. That requires a lot of funding for troops and weapons. The presidents aren't the only ones at fault, but they definitely contributed to the problem.


3. How does our debt compare to other countries with debt?
-The US has the most National debt, which is $15 trillion that is still increasing. But other countries such as the United Kingdom and Germany also have a lot of debt like $9 trillion and  $5 trillion. 


https://www.cia.gov/library/publications/the-world-factbook/fields/2079.html
http://theweek.com/article/index/217524/what-caused-the-national-debt-6-culprits

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