Write an APA 6th ed. formatted paper, and describe how big is US national debt and describe its history? There seems to be a surge in national debt during the GW Bush and Obama administrations. Why is that?

What are the consequences of a large national debt? Is it going to hamper the economic growth as some have claimed? Is it possible for US to default on its debt in future? Explain. Why the Nobel winning economist Paul Krugman is not as alarmed as many others are with respect to the high level of US national debt? 4-6 pages long is this paper, minimum reference should be eight which MUST be peer reviewed references and MUST match with citations.

In addition to this, Please prepare a professional PowerPoint presentation summarizing your findings for CLA2. The presentation will consist of your major findings, analysis, and recommendations in a concise presentation of 15 slides (minimum).

Include learning outcomes from all your major assignments. This would include PA1, CLA1, PA2, and of course, CLA2