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What are the consequences of large national debt

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In addition to your CLA 2 report, please prepare a professional PowerPoint presentation summarizing your findings for CLA 2. The presentation will consist of your major findings, analysis, and recommendations in a concise presentation of 15 slides (minimum). You should use content from your CLA 2 report as material for your PowerPoint presentation. In addition, you should include learning outcomes from all your major assignments. This would include PA 1, CLA 1, PA 2, and of course, CLA 2 (unless otherwise specified by your Professor). An agenda, executive summary, and references slides should also be included. Please keep in mind that the university is moving towards a more digital footprint for our students. This means that your final CLA 2 presentation may be recorded, so that you may include it in your "e-portfolio" (graduating students should have all of their CLA 2 presentations on a flash-drive, in addition to student biography, resume, interests, etc.) Students will present their PowerPoint during the last week of class in either the On-Campus Class Session or the online Virtual Class Session, as determined by the professor. 

Write an paper, long about the US national debt. After briefly explaining the history of the US national debt, answer the following:

1. How does the US national debt compare to other industrialized countries, including, China, Germany, Japan, France, Italy, and the United Kingdom?

2. There seems to be a surge in national debt during the G.W. Bush and Obama administrations. Why is that? Name the specific programs and circumstances that contributed to the escalation of the US national debt under these presidents.

3. In general, what are the consequences of a large national debt? Are any of these consequences currently observed in US economy, why or why not?

4. Do you think that the large US national debt is going to hamper the US economic growth as some have claimed?

5. Based on your research, is it possible for the US to default on its debt in the future? Explain.

6. 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?

Reference no: EM132619599

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