National Debt National debt has always been a major concern of the American public, whether they really know what it is or not. What most people know is that our country's debt continues to grow faster and faster at an incredible rate, until it reaches an amount that many of us can't even imagine. The national debt and its problem have been a recurring issue in today's headlines, and every president is faced with this burning issue. President Clinton attempted to implement a balanced budget plan during his current term, but lost 99-1. Even though the public could not vote directly on this plan, we, or at least I, have an opinion on the matter. I personally think the fact that our nation is more and more indebted by the minute is a big problem. Even though we technically don't have to pay it, that's not the point. The point is that we are a nation in debt. According to reports, since 1981 our national debt has grown faster than our economy has, which seems like a problem to me. If this debt were to be distributed among the people, it would be more than the average American would be able to pay. We therefore need some sort of policy that will ultimately reduce our national debt to a reasonable amount. A new policy would help by lowering current interest rates, which in turn would allow more investments to be made. This would increase our real GNP of the economy. This increase in investment would also increase our national savings, which would lead to an increase in the average national income of our nation's average families. Considering the amount of our debt, this healing process must be carried out over a long period of time. According to the research, if done quickly, it would only harm the current economy. If we want to cut government services, it will need to be done in small doses. This will allow the average American to respond and prepare for cuts. This way the American will not be hit as hard by government cuts if they are prepared, and the effects will not be as harsh..