National. Debt
Imagine having 17 trillion dollars in debt. What would you do? With regards to Americans being in more debt than ever, where facing economy problems. The national debt is a great concern to the economy. National debt should be reduced because it will help our economy, better our lives , and better our relationship with others countries. The ways national debt should be reduced are limiting the spending of the military,cutting the Social Security funds,and increasing taxes on the rich.
If we are going to limit spending, military spending is a prefect place to start. We are spending tremendous amount of money on the military. Over the decade we have spend over $700 billion a year on our military. US military spending is six times greater than China's and eleven times greater than Russia's. The money use to send soldiers to war can be reduce and used to pay off the national debt. If money is spent less on the military it can be used on education and it can help reduce deficits. Many people may say cutting military spending can lose a lot of jobs and we won't have good security because of the lack of equipment. It may not provide the best security we need and we may lose jobs but it can provide other things for us like more convenient security checks at airports. The money saved can be used to pay of the national debt and could be spent on roads,hospitals,schools, and etc.
Most of the federal budget in the United States goes mainly toward Social Security. This has increase the measure of our debt of $17 trillion. The problem is to cut Social Security benefits and other entitlements. Many people are getting benefits of social security without really having to paid their fair share in. Social Security costs a lot of money and it is a system that's open to abuse. It can, if not managed properly, encourage people not to work and live off the state. However the problem for some people is that jobs disappeared and people applied for benefits sooner than they had
If we are going to limit spending, military spending is a prefect place to start. We are spending tremendous amount of money on the military. Over the decade we have spend over $700 billion a year on our military. US military spending is six times greater than China's and eleven times greater than Russia's. The money use to send soldiers to war can be reduce and used to pay off the national debt. If money is spent less on the military it can be used on education and it can help reduce deficits. Many people may say cutting military spending can lose a lot of jobs and we won't have good security because of the lack of equipment. It may not provide the best security we need and we may lose jobs but it can provide other things for us like more convenient security checks at airports. The money saved can be used to pay of the national debt and could be spent on roads,hospitals,schools, and etc.
Most of the federal budget in the United States goes mainly toward Social Security. This has increase the measure of our debt of $17 trillion. The problem is to cut Social Security benefits and other entitlements. Many people are getting benefits of social security without really having to paid their fair share in. Social Security costs a lot of money and it is a system that's open to abuse. It can, if not managed properly, encourage people not to work and live off the state. However the problem for some people is that jobs disappeared and people applied for benefits sooner than they had