This AY-10 student research paper discusses the strategic
significance of dealing effectively with the American debt and
deficit, by first describing the background of our current
government approach to the economy, then examining the current
projections for United States' spending from 2009 through 2019 and
examining what the future might bring given anticipated American
demographic changes. The author describes the economic labyrinth in
detail and examines alternatives to address the challenges to
America of the national deficit and debt. He concludes that while a
number of alternatives are available today to address the problem
of deficit financing and the associated debt and thereby strengthen
the economy of the United States, three examples that are
predicated on the synergistic benefits associated with small
reforms provide the best chances for long-term success.
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