1. National Debt
Some say it is a bad thing, and predict looming doom, others say it is a safe and stable necessity to maintain a strong economy. ... The only time a budget deficit existed during these years was in times of war or other disastrous events. For instance, the government created deficits during the War of 1812, the recession of 1837, the Civil War, the depression of the 1890's, and World War I. ... This kind of action is positive for the economy. ... During the 1990s, the federal government created a new debt of $2.8 trillion; more than created in the nation's history prior to 1990. ...
- Word Count: 1382
- Approx Pages: 6
- Grade Level: High School