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National Debt and Deficit in the US - Essay Example

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The paper "National Debt and Deficit in the US" highlights that during the first decade of the new millennium, the government expenditure augmented by 6.5% of GDP at the same time as taxes diminished by 4.7% of GDP which was the first major cause of the increase…

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Subject: Finance & Accounting
Type: Essay
Level: Masters
Pages: 1 (250 words)
Downloads: 2
Author: minacorwin

Extract of sample "National Debt and Deficit in the US"

The national debt and the fiscal deficit of the United States have given rise to debates over the past few years where the debt issue has taken new heights as the public debt keeps on rising and denting the economy. At the end of March 2011, it was seen that the Total National Outstanding Debt had risen to over $14 trillion (Treasury). The analysts have mentioned numerous causes for the debt to reach such a height.An effective way to address the issue of national debt The most effective way of plummeting debt and easing the deficit of budget is to boost business income and to develop the economy.

In order to attain major increases in income, the businesses have got to boost and preserve their aggressive advantages in overseas markets as well as domestic markets. This will aid the GDP and as a result, the need for raising taxes will be avoided.

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