By: Ryan Casaccio
This is very significant and historical because under the presidency of Bush Jr. and Obama the national debt has increased more than all 42 presidents before them. In the year 1920 our national debt was 25 billion. In 1950 our debt was 257 billion. By the time 1982 came we hit 1 trillion dollars for the first time. Today our national debt is over 17 trillion and counting. It is estimated that in 2022 our national debt will be 25 trillion.
I chose this topic of national debt because it will never go away and it is the most significant for my generation. If it continues to grow at this rate with out being dealt with and not being online with the nations GDP growth the United States will go bankrupt and the american dollar will be worth little to nothing.