question archive Can the US government improve the economy and  decrease our debt at the same time? If so, how? If not, why not? Be sure to base your response on sound economic principles and support your argument with reliable facts and/or statistics and cite your sources

Can the US government improve the economy and  decrease our debt at the same time? If so, how? If not, why not? Be sure to base your response on sound economic principles and support your argument with reliable facts and/or statistics and cite your sources

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Can the US government improve the economy and  decrease our debt at the same time? If so, how? If not, why not? Be sure to base your response on sound economic principles and support your argument with reliable facts and/or statistics and cite your sources. 

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No, the US government can not improve the economy and at the same time lower national debts.

Step-by-step explanation

 For a country to have growth in the economy, they will require funds to support their businesses and therefore look for more debts. Economic growth entails increased goods production of goods and services. To increase goods and services produced in a country, funds to the producing enterprises require to be increased. If the country is in debt it means it has no own stored funds and depletion made it ask for funds. This, therefore, explains why America will be forced to raise its level of debt to raise the economy. The only option is for the country to ask for debts and ensure they are used for the right purposes. After their economy is stable money acquired from taxes and other government sources such as business registration should be used to gradually pay the debts. When the economy is high it will enable them to reduce debt in comparison to the level of GDP percentage. Economists say that economic growth will come before the clearance of debts as all governments look upon the money gained from the business and citizens at large to do their developments and consequently pay debts. Economic growth will raise the revenue for enterprises and this will be an advantage for the US government to charge high taxes used to pay debts they owe. The government may also consider using their stored resources such as those of fuel oils to avoid importing oil from other countries. To start oil mining requires a lot of capital and therefore the country will at the first borrow raising the debt and after they begin producing their oil they will get enough money to pay back their debts. In conclusion, we can see that economic growth cannot be done concurrently with lowering the debts of the US government.

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