Part 1 of Essay
For the past centuries, the american people dug themselves into a big hole which is . In this paper I will discuss the history of , effects on the debt/deficit, wais to reduce it and control the deficit. has increased every year from 1945 to 1995. The biggest increase of the debt was from the years 1985 to 1995 whwn it ....

Part 2 of Essay
.... into debt. Then came war, the end of the depression, and the Eisenhower times. The debt kept on growing so new president Lyndon Johnson developed new social welfare programs- Medicare, and Medicaid. The U.S. Government came up with the gold standard and stopped minting silver coins. The coins were then made from scrap pieces of metal and the cash became paper. Richard Nixon and Gerald Ford passed the debt and added to it. The first sign of bankruptcy occured during the Jimmy Carter Presidency. Inflation sky ....