National debt is caused by a government not having enough income through taxes to match its expenditure. This debt is the National Debt. National Debt, results from a government’s expenditures exceeding that government’s tax revenues. What fundamentally causes it though is political unwillingness to raise...
Introduction Many Americans feel threatened due to questionable job security brought on by economic issues and steadily building national debt. We have all heard the outrageous statistics of unemployment and the never ending battle of who is responsible for this in the first place. While...
The US began to incur debt before it gained independence where the colonial leaders borrowed money from France and the Netherlands to win their independence from Great Britain. Continental Congress, the predecessor of the US Congress to tax citizens which contributed to the growth of...