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Our National Debt (USD) Today - Article Example

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In the paper “Our National Debt (USD) Today” the author tries to answer the questions: How much is our national debt (USD) today and what could we do to improve our current situation? Our federal deficit is 11 trillion dollars (treasury debt where 44% is held by foreigners)…
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Our National Debt (USD) Today
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Our National Debt (USD) Today

Download file to see previous pages... One helpful contribution as a citizen is to lobby in Congress asking for the government to cut its spending on military and focus on social concerns such as education or health. The article suggested that we should consume less than what we earn. Everyone must learn how to live within their means so as not to add to the burden of the country.
I think it is good if the government encourage people to save money and reduce their spending. Also, the government must create a task force that would create jobs so the unemployed would not give additional problems to an ailing government. Small business must be helped through various incentives.
The most sensible and long-term solution is to promote a healthy lifestyle to citizens. When a country has healthy people, they are more productive and this leads to lesser health care given to citizens. Most diseases are caused by obesity which is a reflection of the propensity to spend and consume beyond one’s income. Ironically, it is even the wealthy who get in shape believing that health is wealth.
Farmer, Brian. "I.O.U.S.A. How Much?! the New Documentary Film I.O.U.S.A. Sounds the Alarm about Our Worsening Debt Crisis but Is Short on Solutions." The New American 15 Sept. 2008: 26+. Questia. Web. 10 Feb. 2010.
"Wake up America! Were on the verge of a financial meltdown," screams the website promoting I.O.U.S.A., a documentary that examines the rapidly growing national debt and the resulting consequences for the U.S. government and its citizens. For example, as the Baby Boomer generation reaches retirement age, will there even be any Social Security and Medicare benefits left to collect?  ...Download file to see next pagesRead More
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