Currently the U.S. national debt is over $20 Trillion. Many people feel the high level of the national debt is a very bad thing and it should be paid off.
7. Currently the U.S. national debt is over $20 Trillion. Many people feel the high level of the national debt is a very bad thing and it should be paid off.
a. Advantages of paying off the national debt.
i. Explain what would be involved in paying off the national debt.
ii. List and explain in detail, 3 advantages of paying off the national debt.
b. Disadvantages of paying off the national debt?
i. List and explain in detail, 3 disadvantages of paying off the national debt.
c. List and explain 3 approaches to getting the money to eliminate the national debt. Include the impacts each approach would have on the U.S. economy.
d. State which approach you would use to get the money. Why did you select the approach that you selected and not the alternatives?
e. Thoroughly and completely explain how your approach would work to eliminate the national debt,and explain the impact your solution would have on at least 5,key economic variables?
i. Implement your approach and use the what – happens – next approach to capture the detail of how your solution might work.
