The United States National Debt

On Six Avenue in Manhattan, there is a national debt watch that shows the amount of US Treasury bonds. The watch was originally established in 1989 and may be up to 10 trillion dollars. When the total liabilities exceeded the amount, we ran out of October 2008 figures. An additional two-digit new watch (Izzo 2) will be installed. I am listening to debts almost every day. News talks about it, politicians discuss it, and President Obama talks about it. What is the meaning behind that?

US government bonds are close to $ 20 trillion due to the ongoing fiscal deficit. There are also huge trade deficits in that country, but these trade deficits are not the reason for our budget shortage and our huge government bonds. Therefore, reducing the trade deficit has little effect on the country's debt. To repair debt, it is necessary to change difficult taxes and spending

As US Treasury bills exceed $ 18 trillion, Americans have to ask candidates to resolve the growing bankruptcy problem. In the past two governments the debt of the country has almost tripled, and none of the candidates has solved our ability to significantly reduce debt. However, there were candidates who solved the growing crisis last night by reforming substantive solutions to social security and health insurance. Candidates must deal with the obligations that Japan does not have and propose a comprehensive plan to reform the rights plan. Since these plans in part brought about $ 100 trillion of unfunded liabilities, the US government irresponsibly brought back debt that could not be repaid to the next generation. Candidates must explain plans to fund the rights plans that have a major impact on our debts.

Most of the conversations on US Treasury bonds and repayment plans for government bonds are too influenced by political factors and are not considered for sufficient economic thinking or long term thought. This is understandable, but the US is not productive in reducing its debt burden in an effective and responsible manner. In many cases conservatives boldly talked about repayment of government bonds within 10 years, but only through substantive and serious expenditure cuts, liberalists do not pay great attention to the country's expanding national debt did. I make some general recommendations to form a basic framework of responsibility plan to repay US Treasury bonds within reasonable limits.