Implications of Federal Budget Deficits and the National Debt on the Future (Updated)

A few facts need to be presented at the onset of this paper: In 1980 the national debt was less than 1 trillion dollars. By the year 2000, twenty years later, the national debt was around 5.5 trillion dollars. The national debt doubled under the Bush administration from $5.5 trillion to $11 trillion dollars. During … Continue reading “Implications of Federal Budget Deficits and the National Debt on the Future (Updated)”