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So, you may or may not be aware that the U.

S, the country you may be living in,


is in roughly 17 trillion dollars in debt. To put a single trillion in perspective a pile of one
trillion pennies would tower over a football field. That is a ton of debt! Are you worried
yet? Yes? Well don’t be, at least don’t be too worried. Debt and Deficit are two different
things that are often confused with each other, which is understandable because
economists are bad at explaining things. Debt is how much money a country owes and
Deficit is debt subtracted by the country’s tax revenue (money given to the government).
Ever since the U.S constructed an economy back in 1798 there has only been one year
where the U.S was debt-free, and in the recent years the country’s debt has been
increasing dramatically. 
    So should we worry about this? 
    The obvious answer is yes, but on the contrary it’s really not something that pressing
at the moment. The U.S has been surviving debt for years ever since WW1 and the
Great Depression because despite always being in debt, the country’s leaders are
always hyper-aware of the potential issue. Many people no matter their political
background see the national debt as a problem so there’s currently a lot of effort going
into making sure the debt doesn’t become a problem. So yes we must remain vigilant to
the pressing US debt but we shouldn’t give ourselves stress headaches over it.
GDP (Gross Domestic Percent) is how much of the money generated by the country
goes towards paying off it’s debt. The U.S GDP is 75% out of 100%. That’s a lot of
budget going towards debt and to put that into perspective the country with the lowest
GDP is Russia at 8% and the highest is Japan with 249% GDP. However Japan has an
unusually high GDP because of it’s expansive industry. The U.S is actually has one of
the highest GDPs along with France (98%), Germany (85%), and the UK (99%). This
evidence shows that the U.S. government is already putting a lot of effort and money
into managing the country’s debt. Maybe even a bout too much.
Policy makers focus a lot of the Government’s attention on the country’s budget
deficit. This is good for managing said debt seeing that it’s a pressing matter, however
this simultaneously diverts attention away from more pressing matters such as the
quality of the labor market and reversing inequality. Not only that but the country’s
budget deficit poses no real immediate threat, so it’s not top priority. This shows that as
pressing as the national deficit is, it’s actually more harmful for the Government to focus
so much on it.
Many people believe that leaving the U.S debt unattended will jeopardize the
well-being of the future generations. “Yes, this level of debt is unsustainable… [It] is a
moral threat to our country”, “It is immoral to bind our children to as leeching and
destructive force such as debt.” (“A Moral Threat” Jewish Torah and Christian Bible.
This is a good reason to keep an eye on the U.S deficit and it shows that a great
number of people are worried about this. That means that a lot of people are trying to
work towards a more sustainable budget deficit.
It’s completely valid to be worried about the country’s national debt, after all ever
since WW2 the budget deficit has been exponentially increasing on a monumental
scale. We’ve been spending more on social security than our revenue can compensate
for and we’re heading towards another Government closing, but something this country
has never failed to do is bounce back. I’m not a fan of America but even I can admit that
we’re good at picking ourselves up out of catastrophe, and we’re not even in a
catastrophe yet. This Country has thrived under economic stress for decades! 
   Yes, the US debt is worrisome and it certainly isn’t something we should neglect but
giving ourselves stomach aches over the debacle isn’t going to help very much.

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