Managing National DebtManaging National DebtSolutions to prevent an increase in national debt

Libby D.

The ProblemThe ProblemCurrently the United States is 14 trillion

dollars in debt and that number is constantly increasing

This is an issue that has grown exponentially for the past few years

We have already reached the “ceiling” of our debt limit and Congress is attempting to raise it once again

We need a solution that will keep our debt in check as we progress toward the future so that our generation does not have to take on this economic burden

http://www.usdebtclock.org/

3 step solution3 step solutionDO NOT RAISE THE CEILING!Create a lay away fundCreate an organization to inspire

domestic involvement

DO NOT RAISE THE DO NOT RAISE THE CEILING!CEILING!On May 16, the United States

reached the ceiling of its debt at 14.3 trillion dollars

With the continual raising of the ceiling no solution to our debt issue will ever be reached

DO NOT RAISE THE DO NOT RAISE THE CEILING!CEILING!The solution to this problem is to

start by preventing all legislation that calls to have the debt ceiling raised in America

The next step is to begin a process where we gradually decrease the height of the ceiling

Every ten years we decrease the national ceiling by 50 billion dollars

Considering how large are funds are we should be able to use this process to gradually decrease the ceiling of our national debt

Create a lay-away fundCreate a lay-away fundOur current debt in 2011 is 14.3

trillion dollarsThe CBO predicts that our

national debt in 2015 will be 18 trillion dollars

This is a constantly rising problem that could use some help financially to begin paying it off

Creating a lay-away fundCreating a lay-away fundThe solution to this problem is to

take 5 billion dollars a month from our discretionary budget (1279.9 billion dollars in 2011) to begin paying off our debts

This means that we will be able to have 60 billion dollars a year to decrease the national debt

Create a lay-away fundCreate a lay-away fundUsing this 5 billion dollars a month

will help the national debt projection for 2015

The CBO believes the national debt will be 18 trillion dollars

With the decreasing of the debt roof and this lay-away fund the national debt in 2015 could be in a mere four years our debt could go from 14.3 trillion to 14.03 trillion dollars

Inspire Domestic helpInspire Domestic helpAmerica’s economy is based on large

amounts of credit and over consumerism

This inspires the idea that massive amount of debt is a regular part of society when in reality it is servitude

Back in the middle ages people could be thrown in jail at any time by their debtors and eventually our society as a whole could be stuck in a similar situation

Inspire domestic helpInspire domestic helpCreate the P.O.D. O – Pay of debts

organization (other names may be suggested)

This is a company that inspires regular people to stop going into debt individually and can help individual people with ways to pay off their debt

Almost like a public health organization that puts up signs and advertisements speaking against going into individual debt

Needs to be solvedNeeds to be solvedThis is an issue that has plagued

America for the past few years In 1999 out national debt was less

than 6 trillion dollars and now it has grown to 14.3 trillion dollars

If we do not take care of this now our generation will be the one that will suffer for the incompetence of the generation before us