Soviet_Guy
Banned
Okay, The roots of economic collapse for the United States have been sown. After claiming vicoty in the Cold War, the trillions in debt cause first by Roosevolts Welfare plan in the 1930's, and by Lindon B Johnson, Nixon, Carter, Reagan and Bush Senior and Junior as well, are amounting to an eventual collapse of the Democratic Nation Of The United States Of America:
In 1790, when Alexander Hamilton, as secretary of the treasury, made his first report on the national debt of the United States, he estimated it at close to $70 million. After alternately rising and falling, the debt stood at only $4 million, or 21 cents per capita, in 1840. That was the lowest point ever reached by the public debt of the U.S. After 1840 it rose to a peak, in the last year of the Civil War, of almost $2.68 billion and a per capita figure of $75.01. The debt subsequently fell and fluctuated around $1.15 billion for a number of years, until it began to rise again during World War I. In 1919 the national public debt amounted to almost $25.5 billion. Throughout the prosperous years of the 1920s, the public debt declined. During the depression of 1929 and in the 1930s, the national debt rose again, particularly because of the deficit spending during the administration of Franklin D. Roosevelt in support of the newly enacted welfare programs. During World War II the debt rose to $260.12 billion.
The national debt declined for a few years after the end of the war, but then began to increase again as the federal government undertook extensive domestic programs and foreign aid commitments and financed the Korean and Vietnam wars. In the early 1980s, increased government spending and tax cuts helped push the national debt to $1 trillion. In 2000 it stood at $5.7 trillion.
further reading
These sources provide additional information on Debt, National.
The U.S. debt is divided into two major kinds of loans, marketable and nonmarketable. Marketable loans are made up of bills, notes, and bonds that can be traded. Nonmarketable loans include U.S. savings bonds, foreign-government-owned securities, and government account securities that are redeemable but not tradable. Maturity of U.S. debt ranges from less than a year to over 20 years, with the average maturity about 3 years. More than half of the debt, however, is short term, maturing in less than a year. A ceiling is placed on U.S. federal debt, and Congress must enact new legislation to raise the ceiling. In 1997 the debt ceiling was set at $5.95 trillion.
Microsoft ® Encarta ® Encyclopedia 2005 © 1993-2004 Microsoft Corporation. All rights reserved.
In 1790, when Alexander Hamilton, as secretary of the treasury, made his first report on the national debt of the United States, he estimated it at close to $70 million. After alternately rising and falling, the debt stood at only $4 million, or 21 cents per capita, in 1840. That was the lowest point ever reached by the public debt of the U.S. After 1840 it rose to a peak, in the last year of the Civil War, of almost $2.68 billion and a per capita figure of $75.01. The debt subsequently fell and fluctuated around $1.15 billion for a number of years, until it began to rise again during World War I. In 1919 the national public debt amounted to almost $25.5 billion. Throughout the prosperous years of the 1920s, the public debt declined. During the depression of 1929 and in the 1930s, the national debt rose again, particularly because of the deficit spending during the administration of Franklin D. Roosevelt in support of the newly enacted welfare programs. During World War II the debt rose to $260.12 billion.
The national debt declined for a few years after the end of the war, but then began to increase again as the federal government undertook extensive domestic programs and foreign aid commitments and financed the Korean and Vietnam wars. In the early 1980s, increased government spending and tax cuts helped push the national debt to $1 trillion. In 2000 it stood at $5.7 trillion.
further reading
These sources provide additional information on Debt, National.
The U.S. debt is divided into two major kinds of loans, marketable and nonmarketable. Marketable loans are made up of bills, notes, and bonds that can be traded. Nonmarketable loans include U.S. savings bonds, foreign-government-owned securities, and government account securities that are redeemable but not tradable. Maturity of U.S. debt ranges from less than a year to over 20 years, with the average maturity about 3 years. More than half of the debt, however, is short term, maturing in less than a year. A ceiling is placed on U.S. federal debt, and Congress must enact new legislation to raise the ceiling. In 1997 the debt ceiling was set at $5.95 trillion.
Microsoft ® Encarta ® Encyclopedia 2005 © 1993-2004 Microsoft Corporation. All rights reserved.
