World power and external debt
Introduction
When thinking about the United States of America, the fact that it is one of the largest and most powerful countries in the world comes to mind, and has even been classified as a world power that has both political and economic influence, butNo does anyone know the truth behind the greatness of the United States? Who can imagine that one of the most influential countries in the world has an external debt of billions of dollars! This amount is greater than what the United States is worth. Some would say that with the amount of money that the United States collects and controls, this debt should have already resulted, but on the contrary, the debt is increasing at an alarming rate.
Developing
Apparently the United States has become accustomed to living in the midst of debts and currently their public finances verify this fact. However, the problem is that the same members of the population do not know or ignore the gigantic financial deficit product of external debt, as Robert Kelly says below: the need to maintain solid money. But its relationship with an esoteric concept as a public debt measured in billion escapes the majority. Which prevents them from demanding a solution by the current government. For this reason, this work has been executed with the objective of exposing the causes of the excessive increase in external debt.
This debt with the United States that has approximately more than 22 billion dollars, so that the reader reports on this problem and supports government projects that promote policies to reduce it, which would allow minimizing the impact of the economic crises thatThe nation could have in the future. Proposals that are urgently needed due to the disturbing situation of the United States, which is briefly announced through the following fragment: “important budget legislation signed by President Donald J. Trump, along with continuous growth of higher interest rights and rates.
It will be seen that the debt will almost double by 2029, approaching the size of the entire American economy. Throughout the text the following points will be developed: the lack of fiscal regulations regarding public expenses in relation to the increase in debt, investment in social programs that have contributed to the intensification of the same, finally the role ofWar and public debt. As well as the role of the main government periods regarding the development of this problem. World War II is considered by various historians the starting point for the progressive and accelerated growth of the public debt of the North American country.
Because it was a period in which the US government had to invest large amounts of money to solve the expenses of the war conflict, as stated below: “The expense in defense during the war led to unprecedented indebtedness,And the debt shot more than 100 percent of the gross domestic product (GDP) in 1946. During this time who held the position as president was Franklin D. Roosevelt, who has been frequently questioned by the increase in external debt, because he is attributed to use public resources to lead social programs.
These programs had the objective of capturing politics in their favor, which is declared in the following fragment: “Roosevelt has some responsibility for public debt in the sense that showed how a tax base can be created, how the sector can be invadedprivate and how certain social programs such as attention to the elderly, veterans and unemployed can bring great popularity to a politician. On the other hand, it should be noted that the problem does not consist in the development of social programs, because they actually bring great benefits to the community, however, development plans must have a specific way projected.
It should be specified as these projects will be financed and also what economic strategies are used to collect the resources invested, to prevent the accreation of the deficit. For example, as the number of American older adults is greater, more social programs that support them must be implemented, therefore the necessary investment to execute them is increased. As stated below: “The proportion of the population of 65 years or more has doubled, going from 9.3 percent in 1960 to 18.5 percent in 2015 (according to data from the United Nations). Government spending on programs to help the elderly have increased.
Consequently, to prevent the increase in financial deficit. For example, as the number of American older adults is greater, more social programs that support them must be implemented, therefore the necessary investment to execute them is increased. As stated below: “The proportion of the population of 65 years or more has doubled, going from 9.3 percent in 1960 to 18.5 percent in 2015 (according to data from the United Nations). Government spending on programs to help the elderly have increased accordingly. To prevent, for example, as the number of American older adults is greater, more social programs must be implemented than support them.
conclusion
Therefore the investment necessary to execute them is increased. As stated below: “The proportion of the population of 65 years or more has doubled, going from 9.3 percent in 1960 to 18.5 percent in 2015 (according to data from the United Nations). Government’s expenditure on programs to help the elderly has increased accordingly, going from 9.3 percent in 1960 to 18.5 percent in 2015 (according to United Nations data). Government’s expenditure on programs to help the elderly has increased accordingly ”from 9.3 percent in 1960 to 18.5 percent in 2015 (according to the United Nations data). Government spending on programs to help the elderly have increased accordingly.
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