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Essay

Cutting The National Debt

Essay specific features

 

Issue:

Social Issues

 

Written by:

Debra L

 

Date added:

June 6, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1468

 

Was viewed:

3868 times

 

Rating of current essay:

 
Essay content:

While our politicians talk of balancing the budget , not one of them has proposed a feasible plan to start paying down the debt. In the early days of our government debt was considered to be a last resort. In 1790, when Alexander Hamilton, as secretary of the Treasury, made his first report on the national debt of the United States, he estimated it at close to $70 million...
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After alternately rising and falling, the debt stood at only $4 million, or 21 cents per capita, in 1840. That was the lowest point ever reached by the public debt of the U.S. After 1840 it rose to a peak, in the last year of the Civil War, of almost $2.68 billion and a per capita figure of $75.01...
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General issues of this essay:
Debt Financing Debt National Debt and Budget Deficit National Debt The Major Challenges Of The Canadian Federal Government: The National Debt And, Trade / Economic Growth The National Debt U.S. National Debt Clock Debt United States World Debt Budget Deficit & National Debt Budget Deficit & National Debt NATIONAL DEBT National Debt Cutting The National Debt National Debt:
 

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