For the past centuries, the american people dug themselves into a big hole which is . In this paper I will discuss the history of , effects on the debt/deficit, wais to reduce it and control the deficit. has increased every year from 1945 to 1995. The biggest increase of the debt was from the years 1985 to 1995 whwn it went up about three trillion dollars. Right after the Civil War the debt held at three billion dollars. In 1900, this debt of three million dollars had decreased to one million dollars. In 1919, at the end of the World Wa ....