Stepping Up for America: How Every Citizen Can Help Pay Off the National Debt
PUBLIC POLICY
Sanjay Bohil
National debt has long been a disputed issue in US politics, its ramifications carrying over from one generation to the next. While all the commotion surrounds government actions, the reality of the situation is that all Americans benefit from the strong financial future of the country. Across history, American citizens have reacted in times of crises—purchasing war bonds in World War II, rationing during times of Cold War, or coming together in times of economic crises. Our current crisis today is national debt. It is time we used that same patriotism.
A History of American Citizen Action
In times of economic strife and war, the people of America have come together. Americans purchased war bonds in great numbers during both World War II and World War I, ultimately paying for wars themselves. Household items were rationed, and victory gardens were grown. Citizens of the Cold War Era bolstered government schemes of economic and technological security and innovation to ensure America remained on the cutting edge.
The Great Depression also witnessed the emergence of people's movements where citizens joined hands in favor of public works and community economies. During the last decade, following the 2008 financial crisis, citizens focused on thrifty money habits and community recovery movements. These achievements indicate that Americans can make efforts to create real changes in the direction of stability at the national level if they unite.
How Citizens Can Help Reduce National Debt
Even though policy change must deal with the problem of national debt, something can be done about it by the people. Here's how:
1. Advocate for Sensible Fiscal Policy
Become an engaged participant in democracy by electing those into power who prioritize prudent budgeting and paying off debt. Listen to tax policies, budget bills, and economic plans, and let yourself be heard through political involvement.
2. Advocate for Financial Wisdom
An informed public means smarter economic choices at all levels. Educate yourself, others, about the importance of good spending, saving, and investing. School systems, schools, workplaces, and communities need to place a high priority on financial education to teach good fiscal habits.
3. Reduce personal debt and encourage saving
Though national debt and personal debt are unlike, saving culture can look at economic stability at the macro level. Spend within your means, avoid over-expenditure, and promote fiscal conservatism in society.
4. Shop American and Shop Local
A strong domestic economy brings in tax revenues and minimizes government borrowing needs. Shopping for American-made products and local firms promotes employment generation and economic durability.
5. Promote Fiscally Conservative Government Spending
Government excess causes most of the nation's debt. Voters can promote watchfulness and frugality in government spending by voting conservatively, meeting with representatives, and demonstrating support for watchdog organizations.
6. Volunteer and Promote Local Programs
Fiscally responsible neighborhood communities make governments less dependent. Volunteering with community groups, expenditure on employee development programs, and giving to distressed communities can ensure economic independence and lower government spending in the long run.
The American Spirit of Responsibility
The national debt may appear to be a daunting feat, but the past has taught us that there is a way to get things done by pulling together. Just like Americans of earlier generations have contributed to the strength of the country through hard work and resourcefulness, we, too, can rise to the occasion during difficult economic times. Through civic action, sound financial conduct, and community efforts, every American can do his or her share to create a safe and prosperous future for the next generation. It's time to move forward—not for us, but for the country we love.