When wanting to understand what caused the national debt it is important to become familiar with fiscal policy and the international monetary system.
The US national debt ranges from 11 to 55 trillion dollars while the current canadian national debt is between 500 to 800 billion Canadian dollars.
For a deeper understanding about the history of national debt we recommend to watch the animated presentation Money as Debt by Paul Grignon.
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The national debt is one of the "gifts" that the international bankers have left us with because it creates interest payments for them. We will be in debt until there is no one left in a position to own a home or work fast enough to pay down this ugly monster. There should never be a bailout for the wealthiest Wall St. bankers! We should all be mad as hell, I know that I am!
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