Flash Forward

Today is finally my 30th birthday. Reflecting back to when I was in high school, the economic condition has altered a lot and changed for the better. Back then, in the year of 2012, the economy was facing a dangerous situation of the fiscal debt and the national debt was totaling $16 trillion. Due to the adverse situation, the government had implemented many changes such as, increasing tax rates on the wealthy, creating many spending cuts and deleting unnecessary programs/organisation. America has also pulled out of any involvement with war and stopped foreign labor with China, creating new businesses here in the states and to increase employment rate. There were many opposition, but it was one of the only good ways to fix the problem. 

As a result of the solution, the social classes have altered and citizens are close to the same standard of living.  The middle class is still of the majority. There's more booming businesses here in the states, employment rate is up and people are having a decent budget of living. More businesses in the states have persuaded other countries to initiate more businesses here and also trade, creating better foreign relations. National debt still exists but it is now down to $5 trillion. Creating a balanced budget is a struggle but the government is creating more programs to help. 

How can we become more aware about our economic stability in the future? Are there more solutions to the debt problem other than increasing tax rates and more spending cuts?