National debt and the individual
Published on: Mar 3, 2016
Transcripts - National debt and the individual
By Jonathan Pitchford
National Debt and the
The individual in the American Dream
As individuals in the United States of America
there are certain things that we believe to be part
of the life experience.Those being that if we work
hard enough and if we follow the laid out path
that our future will be bright and our freedoms
The Federal Government
Yet in order for that dream to be reality there are
many assistance programs that function within
theUnited States of America. Food Assistance (110
Billion in 2013). Education of a student (avg. 10615
per year). Medical assistance programs as well as
higher education funding in the area of Stafford
student loans, Pell grants (40 billion).These are
just a few of the programs that propel our citizens
Unfortunately the future is not what it once was.
Those needed programs of federal assistance
have already been on the receiving end of cuts.
The problem of allowing continual spending and
debt to exceed production is taking away our
Nation’s dream one step at a time. If things
continue the dream will fade away.
There are many who do not believe the future as I
am describing it here.
With the government placing itself further into
the deficit many are unaware of just how dire the
situation has become.
The Federal Deficit for 2013 alone was 759 billion.
TheTotal Federal Debt is at present
16,887,568,978.This measure is always going up
and you can be sadly startled seeing it for yourself
on the US debt clock at www.usdebtclock.org
The newborn are waking up in unthinkable debt
What does this means for the individual?
What this means for the individual is if federal and
in some cases state spending continues unchecked
then the loss of federal assistance programs is
The End of Federal Assistance Programs
Steep economic downturn
Possible government collapse and shift.
Changes that have to take Place
We are to the point where sufficient damage
has been done that there are no quick fixes.
Instead we need to make effective changes.
Create a debt ceiling law
Create a locked in strategy to pay off the
present debt –also place this into law
Create effective cuts that while difficult to do so
will safeguarding those programs that enable
the U.S. to dream
Take your stance against unsuitable Federal Spending.
Be involved, this entire situation has
come about as people before us have
missed out on their responsibility to
make the educated decision to be
Never think that your voice your vote
We are all in this together
Phil Oliff, Vincent Palacios, Ingrid Johnson, and MIchael Leachman. Recent Deep State Higher Education Cuts
May Harm Students and the Economy forYears to Come . n.d. http://www.cbpp.org/cms/?fa=view&id=3927
Ginn,Jennifer. Why Johnny Can't Ride the Bus. n.d.
Spross, Jeff. Is the debt Crisis Real? February 25, 2013 http://jobsanger.blogspot.com/2013/02/is-debt-crisis-
James, Jed. Facts about the debt ceiling crisis http://www.policymic.com/articles/23941/facts-about-the-debt-
Plummer, Brad.Who receives government benefits, in six charts