The National Debt
Beginning of paper
For the past centuries, the american people dug themselves into a big
hole which is . In this paper I will discuss the history of
, effects on the debt/deficit, wais to reduce it and control
the deficit. has increased every year from 1945 to 1995. The
biggest increase of the debt was from the y ....
Middle of paper
.... our country into debt. Then came war,
the end of the depression, and the Eisenhower times.
The debt kept on growing so new president Lyndon Johnson developed new
social welfare programs- Medicare, and Medicaid. The U.S. Government came up
with the gold standard and stopped minting silver coins. The coins were then
made from scrap pieces of metal and the cash became paper. Richard Nixon and
Gerald Ford passed the debt and added to it. The first sign of bankruptcy
occured during the Jimm ....
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Word count: 484
Page count: 2 (approximately 250 words per page)
