YOU are Asian, YOU are suppose to be very smart! I'm disappointed at you!
Fear not... Nor do the captains of industry and government understand it all, either. Of course, they project that they do, but if that were true, the national debt would never have swelled to its outrageously high debt in the first place, see? And so, what this is all ado about is, no one really knows just how to resolve this notorious high debt.
And so, to keep things going the idea is to raise the debt even higher and thus have access to more money -- that is, to print more money, which only entails splurging. Yet if that were not done, the federal government will have no money to sustain the people and mechanisms that depend on it all -- for example, those who are employees, and the contractors contracted with the federal government; also federal retirees, Social-Security recipients and of course, nor any means to pay those countries to which the USA owes money, which is in the neighborhood of scores of billions of dollars on any given day -- called the National Deficit. The National Debt, however, stands at over $14 Trillion, which is the sum total "on the account books" of all financial and fiscal money owed since the nation first began in 1776.
There have occurred spikes in this, then undulations and falls through the centuries. But then the Debt took a tremendous leap in the 1980's as result of defense spending, then there arose a pause in terms of the steep climb, but this took off again around the year 2000, then shot off and upward. Few if any have any conception or feel for what $14 Trillion really is -- so off the charts it is.
And so, what this means is -- since the Executive and Legislative Branches conceive, determine, and write laws, they can just as easily invent a way to displace the implications of bearing such a high debt. And in a way, this is somewhat of an abstraction. It is akin to 'Manifest Destiny' moving in reverse.
Thus comes a raise in the Debt ceiling. The only true resolve will be to "forgive" the debt as regards domestic dollar values, but this would pose difficulty if not an all but impossibility because other nations are vested in the power of the American dollar, and therefore if the debt were forgiven, world markets would fold like paper doll houses. In the past, there have existed nations that owed the USA, but over the course of time, the USA "forgave" the debts that those nations owed it because these nations had no real way to pay off their debts.
Little chance is there that this would occur for the USA unless the legislators really wanted to be brave -- or foolish -- while sell at fair market values all the USA possesses. Third, many, many industries and billionaires have their entire net worth integrated into the "Market" system -- that is, the Capitalistic Machine. If the debt were forgiven, these billionaires would immediately become paupers...
I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.