Title: US National Debt: Impact, Consequences and Solutions - Up To Us (2020)
Headings: A Guide to the US National Debt: Everything you should know
A Guide to the US National Debt: Everything you should know
May 20, 2020
Table of Contents
What is the National Debt?
U.S National Debt Over Time
Why is the U.S in debt?
National Debt Consequences
Coronavirus and the National Debt
What will happen to our National Debt?
Solutions to reduce the National Debt
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What is the National Debt?
How is the National Debt Measured?
National Debt and Budget Deficit
The Federal Debt Ceiling
U.S. National Debt to GDP
U.S. National Debt Over Time
National Debt by President
Which President Created the Most Debt?
Why is the U.S. in Debt?
Why is the Debt So High?
Can the U.S. Pay Off its Debt?
National Debt Consequences
How does the National Debt Affect Me?
How Much Do Other Countries Owe the U.S.?
Coronavirus and the National Debt
What Will Happen to Our National Debt?
Solutions to Reduce the National Debt

Content: This high ratio can be attributed to the $2.5 trillion debt taken on to provide support for businesses, government sectors, and individuals, as well as the slowed economic output due to the mandated business shutdowns around the country. This number has been steadily increasing long before the pandemic hit the country, with increased government spending from 20% of federal expenses in 1959 to 62% in 2018. --
U.S. National Debt Over Time
National Debt by President
The National Debt has always been an area of interest for the United States; President George Washington appointed future President Alexander Hamilton to understand and solve the $80 million debt that had accrued due to the Revolutionary War. Hamilton came up with the plan to pay off the debt through taxes and the creation of the national bank. Since then the United States has steadily increased its budget deficit, and the national debt has continued to rise. The first time that the national debt hit the $1 billion mark was in 1863 while the Civil War was occurring; it hit the $2 billion was two years later when the civil war ended in 1865. As the country went to battle during World War I and World War II, the national debt hit the $10 billion mark and $100 billion marks respectively. By 1982 after the Vietnam War and the Cold War, the national debt hit the $1 trillion mark for the first time in history.