The Gatestone Institute's Student Contest on America's National Debt is a $100,000 national essay writing contest that challenges young students to share their understanding of the looming Biden debt, the role of Treasury Secretary Janet Yellen, and how their generation intends to pay down their share of the debt. In addition to providing a personal perspective on the current deficit debate, the essay contest seeks to establish students' understanding of the terms that are masking the coming crisis including "monetizing the debt," "quantitative easing," "reserve requirements, "open market operations," and "hyperinflation."
Warning that the devastating impact of a multi-trillion dollar debt increase now being created by the Biden budget will fall squarely on the shoulders of a generation of Americans blithely unaware of the fate that awaits them, The Gatestone Institute challenges young students to share their understanding of the looming Biden debt, the role of Treasury Secretary Janet Yellen, and how their generation intends to pay down their share of the deficit.
Essay winners, selected by a panel of judges appointed by Gatestone, chaired by Larry Kudlow, past Director of the National Economic Council, will be awarded prizes of up to $10,000 cash each.
Contest sponsor, Lawrence Kadish, states, "What we want to know: is the next American generation aware of this threat, and why many of us today are sounding the alarm before these young people are even remotely responsible for paying down this crippling debt?"