The Economics of US National Debt "The Debt Freak Out" - JM



John Mazziotti
January 29th, 2019
IHSS
Mr. Roddy
Economics Roundtable

“Fix the Debt Freakout”




     This article discusses how our nation’s national debt, specifically the “Debt Clock”, and how it has risen too much in recent years. You can tell this is becoming an important issue, due to the anxious Republican congressmen that worry for the future. Not only have individuals in our very own congress addressed this issue, but Senator Pat Roberts of Kansas, has quoted; “We’re getting pretty close.”, in response to this subject. The author of this article, David Leonhardt, discussed this with his co-hosts shortly after this was posted. David also discusses the analytics behind the debt, and analyzes it by talking about how this crisis could have been averted, and how this can be dealt with currently.

     This article contributes majorly to the field of study, due to its importance in the US economy. I remember viewing the US’s debt 6 months ago, and seeing that it was at $18,000,000,000,000 (Trillion) USD, and now it is at $21 Trillion USD. This rapid fluctuation of currency that our government owes worries me. This large sum of debt that has built up over time, could cause a collapse in our economy if this continues to excel. Another worry is how this could impact future generations, we would just be leaving them with a rather large hole to fill back up, and thus, making this hard on the United States as a country.

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