This is a short summary of the paper
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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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