National Debt :: Argumentative Persuasive Papers Economics

National Debt The above statement suggests that the government should not make cuts in the social fabric because it can always roll over the debt, therefore, the national debt can be ignored. This statement means nothing to many Americans who would never dream of having a conversation about the national debt. Before reading about the national debt, I was one of those Americans who didn't care to realize the trouble my country, the land of the free, home of the brave, is in grave trouble. The trouble will come from the measures a government must take to reduce, or even stabilize a debt of 4.5 trillion dollars. "Taxation without representation" is a phrase found in the history books of our children. The young people of america learn about past events in hopes that history will not repeat itself. Something has failed. Those same children will feel the effects of their parents and grandparents goodtimes(running up of the national debt). The children of america are being taxed and punished. Right before their eyes, the children's future living styles aredeclining, while these children are ignorant to the fact. This is an example of taxation without representation. For the children, I believe the national debt cannot be ignored any longer. Nixon, Ford, Regan....the list of presidents who have tried to balance the national debt seems to want to go on forever. This cannot and will not happen. The national debt is eating us alive and must be balanced. No more trying, it must be done. There does however appear to be no end. The U.S. seemsto always be in someone's war, which causes recession and must run a deficit to stimulate the economy, but if our country insists on protecting