Government Spending

In the last ten years, the increasing levels of the national debt have become a major area of concern. This is because there has been an increase in this amount of over 200% from 2000 to 2010. As, this number went from: $5.67 trillion in 2000 to $13.56 trillion in 2010. This is troubling, because if these kinds of increases continue in the future there will more than likely be higher interest rates and some kind of economic implosion. To prevent this requires looking at: how the tax code can be reformed, the impact of the financial crisis on government revenues / expenses, discussing the best proposal to save Social Security and describing how Medicare would be changed. Together, these different elements will offer the greatest insights as to how the federal government should be dealing with these issues. ("Historical Debt Outstanding," 2012) (Bivens, 2010)

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