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National Debt Management
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The issue of National debt management has been on the front of page of the news. This may make one wonder, what exactly is National debt management? Before we talk of National debt management, we need to understand what is meant by the phrase "National debt".

In line with a news release of the United States Department of the Treasury in 2004, national debt are bonds, securities and liabilities which the government sells in order to raise finance the spending of government. There are two forms of national debt: one owed by the public and another by government account.

The debt held by the public includes debt held by individuals, corporations, individual states, foreign government and even financial institutions. This debt can be described as money which government takes in from the public to finance itself.

On the other hand, debts held by government itself are debts held in the form of trust funds such as Medicare and Social Security. The US Department of the Treasure pegs the current national debt at $13.8 trillion, at the end of November 2010. This shows that our debt has almost tripled from what it used to be at the turn of the century ($5.6 trillion). While still trying to know what National debt management is all about, we need to clarify some issues about our national debt in the US.

Balance of trade is the difference between the total monetary value of the exports at any given time as against its total import. What a country imports or exports has no relation with its national debt. From what I have said earlier, the National debt management is expected to show the amount of money that the government absorbs through taxation or loaned, through securities and bonds, from various parties so as to finance its activities. This leads us to the question: how do we keep an effective National debt management to fix the debt for our country?

Well, the answer is not far-fetched! Many programs for an effective National debt management should be aimed at reducing our growing debt tendencies. These programs should include making changes to the tax code, cutting down on our federal spending, eliminating tax breaks for the middle class and scaling back military expenditures incurred through sponsoring troops abroad for peace-keeping missions, as well as capping expenses on Medicare.

Any proposal that will reduce the growth of our debt and facilitate effective National debt management should be welcomed by all. This is vital to the growth of our economy and for the US to remain a strong virile nation!


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