MECELLA

Life Inspired

Looming Chaos: Debt In The United States.

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Say what you will about The United States of America, you have to accept that it is now the strongest Country to ever exist. An unimaginable amount of money is spent on The Military, and victory after victory ensures the continuity of receiving upwards of 60% of Government spending annually, $500 to $700 Billion Dollars a year, more than the combined military expenditures of the next two most powerful nations combined. It is a trend that is likely never to change.

Ever.

Since the year 2000, after George W. Bush assumed office, U.S. debt sat at $5.6 Trillion Dollars. Unfortunate events plagued Bush’s Presidency, and the cost of fighting wars on two fronts, Operation Iraqi Freedom and Operation Enduring Freedom in Afghanistan, would later take a significant toll on the country. Once Obama assumed office, the debt had swelled to over $9 Trillion dollars. The unfortunate circumstances of the rising debt crippled many Americans (citizens, banks and corporations alike), and of it’s effects forced the nation into a period economic depression. With no other choice, a Stimulus Bill of $800 Billion Dollars was passed, enabling Americans to escape the effects of the recession and keep the government afloat.

Jobs were created. Americans had truly regained hope.

But the debt by the end of Obama’s Presidency had skyrocketed. The Stimulus Bill and increased defense spending had left now President Trump with a National debt of $19 Trillion Dollars, with 76% percent being held by the public.

Since 2016, the U.S. has increased spending and continued to lower taxes on corporations and wealthy citizens, and they also continued their excessive trend of military spending.

The debt now sits at $21 Trillion Dollars, and some estimates argue that by 2028 it will climb to $28 Trillion Dollars, eclipsing WWII deficits and outgrowing the overall U.S. economy.

But, this is not what politicians talk about. What they talk about is how Medicaid is too expensive, how Social Security needs to be cut and how Healthcare is either never going to be universal, or needs to be universal. It is almost as if no one wants to discuss the rising debts, and how it could very well be the true catalyst toward plummeting the United States into economic straits similar to Venezuela or Greece, a situation potentially worse than the recession of 2008. While some politicians do discuss the issue, like long time Independent from Vermont Bernie Sanders, they are often written off by the elite, with the argument that any strategic plan to tax the rich exponentially more than the poor or middle class would be chaotic and socialist, and that socialism in any form will never, ever work. But of those arguments there never emerges answers to the looming and unforeseen future we all will one day face because of our Government’s excessive military spending and other increasing government expenditures.

The future is bright. It is because we’ll pave it that way. But, also in the future is the looming presence of great adversity. The debt of The United States of America is an actual looming adversity waiting to happen, and it is time that a true bi-partisan effort is set in motion to fix this problem before it grows out of proportion.

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