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)”

Saving Social Security

A few relevant facts are listed below: Over 2.5 trillion more dollars was paid into the Social Security Trust Fund between the years 1983 and 2011 than was paid out of the fund in benefits. The national government borrowed the surpluses and issued special series treasury notes and bonds to be repaid to the Social … Continue reading “Saving Social Security”

National Health Care Deliberations

There are about 47 million people living in the United States who do not have health insurance1.   Many ask why the U. S. does not provide universal heath care when some other less wealthy industrialized countries do.  The answer can be found by examining a number of factors including national spending priorities, affordability, desirability, and … Continue reading “National Health Care Deliberations”

Implications of Federal Budget Deficits and the National Debt on the Future

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”