McCarthy, Niall, and Felix Richter. “Infographic: U.S. National Debt Is Growing Rapidly.” Statista Infographics, 27 Aug. 2019, https://www.statista.com/chart/19131/federal-debt-held-by-the-public-as-a-percentage-of-gdp/.
Graph:
Summary/My Interpretation: When looking at the graph, it is evident that the debt has spiked whenever there has been a major crisis in the US, such as the onset of a war or a recession. Specifically, the United States has historically maintained economic stability by increasing the national deficit in order to invest in social programs and increase demand in the short run.
How I Plan To Use This In My Project: I want to use this graph in my project to demonstrate the US’ fiscal policy regarding the debt. Specifically, since increasing the debt is one of the best ways to maintain economic stability, it is vital that the US maintains enough cap space to be able to increase this figure when needed. I plan to use this narrative in my paper to demonstrate how in moderate doses, the debt is integral to the economy.
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