Abstract

This paper will give in depth insight on United States national debt with an emphasis on China as a contributor. As we all know over the years the United States have been on a downward spiral when it comes to debt due to many things from military spending to federal funding, but more specifically money owed to the country of China by our country. Within the last 10 years our debt has increased by over 6 trillion dollars, a whopping third of our total debt in such a short time. What are we doing wrong? Are there ways to fix this? This paper will be backed with much research and multiple sources to come up with the cause and effects of our national debt and how america as a whole can go about restoring our economy.