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Get Email Alerts Essay by:Fan Liu Emporia State University Due
to the 2008 Financial Crisis, the federal budget deficit is
becoming worse and adding to the national debt. The current
national debt, according to government report on
treasurydirect.gov, on December 8, 2009, is $12.1 trillion and
this number is still growing! (The Debt) How could the Federal
budget deficit be this huge amount and what we can be done to
help the American economy get back to a healthier condition? At
the beginning of this year, President Obama signed the $787
billion economic stimulus package and tried to heat up the
American economy. One of the main purposes of this package was
to prevent the panic from happening again by investors in 2008.
In order to calm down residents in America, the government tried
to relieve some private debt burden, and help people find jobs.
The American economy absolutely could be stimulated more if the
government spends more. However, due t