In Recent Decades, The US Congress Has Made A Habit Of Large Deficit Spending, Whereby It Passes Federal Budgets With Expenditures Far Exceeding Expected Revenues. This Causes Rising National Debt, Which Is Now More Than $20 Trillion.
Write a short essay explaining your general view of deficit spending, while specifically addressing the 2008-2009 bailout of large banks (via the TARP program) and other business corporations in the auto industry. In your view, is rising national debt a serious problem? Why or why not? Was the TARP bank bailout worth it? How would you handle future budget deficit problems?