Having a lot of debt is something I was always taught as a child to try and stay away from. I was often told when you have a lot of debt you can't do anything because you're strapped to your creditors. Sometimes I think somebody needs to tell the US government that because the United States debt is enormous to me. After watching the news networks cover stories on the national debt being $11 trillion dollars I find myself wondering is that even a number? This debt of ours alone propelled me to write this article on the national debt and to highlight rather this debt can be paid, why it's so large and could it ever just be forgiven.
Eleven trillion dollars to me sounds like an unreal number to me. When I was in New York City several months ago I walked across a building that had a running total of the US debt. It is astronomical. So I asked myself first of all could it ever be paid back? Personally I don't think it can, the number is so huge it just feels like that can't be paid back. Once I had my moment of feeling like that debt was never going to be paid I asked myself why and how did it get so large?
From some research I found I see a lot of our debt came from us borrowing so much money to finance our way of life and to pay for big programs such as healthcare, past wars and oil. All of those huge programs plus the enormous amounts of interest on billions and trillions of dollars all contributed to this huge debt I have found.
Since I firmly believe there is absolutely no way the United States can pay back $11 trillion dollars I then asked could it just all be forgiven? Not bankruptcy or anything just all be written off. I don't know what it would do to other economies but I just feel like that as an option to the US could help rid us of this debt allowing us to start producing great products around the world for people to buy and trade. This could be like a way for us to start over and to begin producing goods to be sold to the world again.
After borrowing so much over the years the United States now has a debt that I feel we will never pay back thus leaving me to believe that the only way the US can pay off this debt is for it to just be forgiven.
I am a young Entrepreneur who is here to provide some personal insight on varying topics ranging from entrepreneurship to reviews on topics of my liking. I enjoy voicing an opinion on a topic and then engaging in some form of dialogue with others to encourage debate. Please fill free to leave a response to any of my articles. If your a serious person who wants to be an Entrepreneur and who wants to work with a like minded, driven, ambitious and goal oriented leader please check out my website. [http://mlm-top-producer.com]
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