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On the Issue of Debt - Essay Example
Pages 4 (1004 words)
This analysis will discuss the national sovereignty issue as it relates to the litany of nations that hold a high percentage of the US sovereign debt…
This brief analysis will consider what this student believes to be the most pressing and important issue surround the seemingly ever-increasing levels of debt that both federal and state budgets are currently facing. Furthermore, as a function of this increase in overall debt, the negative externalities that such a change portends are vast and systemic. Whereas in previous times the degree and extent to which governments dealt with the issue of debt has always been a high concern for law-makers and citizens, the level and extent to which the current situation weights upon both the government decision makers and the electorate is unprecedented. As a result, the very nature of governance the degree to which this process encompasses nearly every aspect of society and the economy has only exponentially grown (Eichler 1216). For those that are concerned with the overall sovereignty and freedom of the society, this has naturally become a primal concern due to the fact that many nations are able to leverage the United States due to the level of its debt that they hold in the form of bonds and other financial mechanisms. Furthermore, as a function of these factors that have thus far been enumerated upon, this brief work will seek to elaborate upon some key mechanisms through which the problem itself can be lessened over time. ...
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