The Debate over the National Debt is an issue that came to a head this summer as the Federal Government approached the debt ceiling. Many wonder if the debt is growing too large and who will be paying back the trillions of dollars owed by the government.
Below are a few websites that might provide insight into the two sides of the issue.
http://welkerswikinomics.com/blog/2011/02/22/the-u-s-national-debt-how-bad-is-the-problem/
http://www.globalissues.org/article/29/causes-of-the-debt-crisis
http://money.cnn.com/2011/01/03/news/economy/debt_ceiling_faqs/index.htm
http://www.slate.com/articles/news_and_politics/politics/2009/09/bill_us_later.html
http://money.usnews.com/money/personal-finance/articles/2011/03/31/how-the-national-debt-affects-you
Be sure to check out all of the sites before responding to the following questions:
- Exactly who or what is responsible for the growing U.S. National Debt?
- Is the debt a problem that we need to address immediately or is the debt a natural occurrence in our economic system.
- Would it be a good idea to pass a law that forces the federal government to maintain a balanced budget? Why or why not?
