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This is a short summary of the paper
The National Debt

Start of Term 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 ....

Middle of Term Paper
... them were known as; WPA. TVA. and CCC. Then social welfare was born and social security began. This is what put 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 Jimmy Carter Presidency. Inflatio ...

Number of Words: 484 Approximate Pages: 2

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