National Debt

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The national debt has been a part of the United States since this country was founded in 1776, but it has just recently taken a turn for the worst. It is made up of budget deficits, which means that governmental spending exceeds tax revenues collected for that year. Over the years, those deficits add up to an astounding number which we know as our national debt. The debt is constantly growing, but it was not until fairly recently that it has begun to skyrocket at an uncontrollable rate. Under Bush’s presidential term, the debt rose substantially $1.3 million dollars which the United States borrowed to finance the Iraq and Afghanistan wars. Not to mention, the country has been in a Great Recession for the last ten years which causes the debt …show more content…
That is going to grow each year as the baby boomers age. That’s 46.2 million people who get paid to do nothing but relax and travel the rest of their lives while other Americans slave away at their jobs to pay for their lifestyles. Many citizens are still capable of working when they reach retirement age. If senior citizens begin working in the military instead, then we can eliminate healthcare programs such as Medicaid and Medicare completely and Social Security pensions will become irrelevant. It has actually been proven that countries who do not overspend on healthcare programs like the U.S does have healthier citizens overall while U.S citizens still suffer from chronic diseases and obesity. So by eliminating healthcare programs, we will help reduce the national debt while making our country a healthier place. Social Security equates to about $916 billion dollars, followed by Medicare at roughly $618.7 billion dollars of federal spending, and lastly Medicaid at approximately $495.8 billion dollars each year. That totals to about $2 trillion dollars every fiscal year. By eliminating these entitlement programs alone, the national debt can be resolved in as little as 10 years. To speed the solution up even further, the soldiers will be released back home and reenter the workforce. There are about 1.4 million soldiers in the United States Armed Forces. Although that is only 3 percent of the senior citizen population, that is still a million more people working that the country did not previously have. The addition to the workforce will increase the tax revenues creating a budget surplus instead of a budget deficit which will slowly diminish the national debt. It is beneficial to the U.S military as well because this solution adds over 30 million more soldiers to the frontlines. Since the new soldiers will be older they will be wiser and more tactical in their approach.
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