The National Debt: Serious Problem or Natural Occurrence? Many people today do not know much about the national debt. Such ignorance has resulted in the questions "So if it is our debt, we owe it to ourselves, right? Why not just cancel it?" or "We owe it to ourselves, so isn't it no big deal if debt goes up?" Well actually it is not that simple. The money owed from the National Debt isn't just …showed first 75 words of 1025 total…

…showed last 75 words of 1025 total…net/scsr/> "Debt, National." Microsoft Encarta Online Encyclopedia 13 Oct 2004 <http://encarta.msn.com> Hodges, Michael. "Federal Government Debt Report." 1 Oct. 2004 <http://home.att.net/~mwhodges/debt.htm> "It's the Debt . Don't Forget It!!" 10 Oct 2004. <http://www.uwsa.com/uwsa-usdebt.html> "Summary of Treasury Securities Outstanding." PublicDebt.Treas.gov 4 Oct 2004 <http://www.publicdebt.treas.gov/opd/opds092004.htm>