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The National Debt Crisis Of America Mansfield University, Composition 1 Essay

1144 words - 5 pages

David G. Plouse Jr.
March 30, 2017
Composition 1
Process Analysis
Debt Crisis.
A billion is a big number, a billion seconds ago its 1982, a billion minutes ago Jesus Christ was alive, a billion hours ago would be the stone age but a billion dollars ago for America only takes eight hours. Politicians tell us that it no big deal and is expected of a big and strong country to have a lot of debt but it’s not. The debt America has accumulated over the years holds back its economy and causes all sorts of problems to arise. A normal person wouldn’t keep spending money when they are in debt so why does the government? Because our national debt is one of the biggest threats Americans face today, the national government needs to find a way to cut back on what we spend and increase overall profit.
A cut and dry way of trying to lower our debt is to simply increase taxes. Higher taxes mean more money for the government but not a lot of people would agree with the idea of giving more of their money to the government. A majority of people already think they give too much money to the government as it is but that’s mainly middle class American’s. Wealthy people on the other hand don’t usually have a problem with this and the reason is that they pay the same percentage that everyone else does but their pie is much bigger which leaves them with more left-over money to play with. So, if the wealthy are left with more money that they don’t need and the middle class only has a small amount of money left to play with then what should we do. Well we should obviously tax the rich. Now if you’re thinking I have something against the rich then you’re wrong. They worked just as hard for their money as the middle-class citizens do. So, they too deserve to reap the rewards of their labor but it’s the fact that they have so much left over money to play with and taking a little more wouldn’t hurt them and would help create a better source of income for the government and since America is Chinas most
Taxing the rich isn’t Americas only option. Most of Americas debt stems from purchasing too many goods from China. America can take advantage of their compulsive buying and make it into a source of income. If America would increase taxes on imported goods coming in from China, then the nation could make money. China would have no choice but to comply because America is China’s largest purchaser of goods. Without us they would lose a lot of money. Also, by increasing taxes would make more jobs in some of the bureaucracies America has.
Bureaucracies in America are very inefficient and spend more than they need to just for the fact that if they don’t spend the money they are given by the end of the year then they get cut back on the amount of money they will receive the next year. Once a bureaucracy gets money gets cut back they find it hard to get more money even when they need it. So, bureaucracy’s will spend all the money they are given for the year just so they don’t get cut and...

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