Us Debt Timothy Amadeo Summary

The argument’s main idea is that the U.S. debt is continuing to increase, and the government needs to halt this growth. The author, Kimberly Amadeo, begins her argument by explaining that the U.S. debt is held by the American public and the governments of other countries. Our debt is the largest in the world, and is continuing to increase. The article also explains how the debt became so massive. Amadeo states that the debt is caused by an accumulation of Federal budget deficits and presidents borrowing from the Social Security Trust Fund. Also, other countries keep lending money to the U.S. and set low interest rates, which benefits the Federal government. Finally, Congress keeps increasing the limit on the debt, thus allowing it to continue to grow. The author supports these reasons by using facts and statistics. The article is wrapped up by explaining that the economy may be thriving now, but soon the growing debt will cause a major crash.
Also, the author knows that the economies of other countries have crashed due to debt in the past. The argument is written in an objective point of view, so this leads the reader to believe that there is not a bias. The author presents and explains facts, but does not explicitly share any opinions. The facts presented in the article can all be verified by checking them with other sources. Also, the author mentions several other articles relating to the topic. These articles elaborate on certain points made in the argument. The implication of the article is that the government needs to decrease the national debt before the economy crashes. The author wants readers to be fully informed about the national debt, and possibly encourage the government to make a change to stop