Assignment
Write a paper, 4-6 pages long and describe how big is US national debt and describe its history? There seems to be a surge in national debt during the GW Bush and Obama administrations. Why is that?
What are the consequences of a large national debt? Is it going to hamper the economic growth as some have claimed? Is it possible for US to default on its debt in future? Explain. Why the Nobel winning economist Paul Krugman is not as alarmed as many others are with respect to the high level of US national debt?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.