KenH
Well-Known Member
“What’s the number that will cause lawmakers and presidential candidates to pay attention to the national debt? Apparently, not $35 trillion.
…
On Sept. 30, 2000, the debt stood at $5.67 trillion. It had taken more than two centuries to reach that amount.
Since then, the debt has increased more than $29 trillion in less than 24 years – the result of spending increases, tax cuts, wars, recessions and the pandemic. This has happened under two Democratic and two Republican presidents and with both Democrats and Republicans controlling Congress. Most of the spending – Social Security, Medicare, interest – is on autopilot and not even debated in Congress.
...
This fiscal year, taxpayers will pay $1 trillion in interest payments alone. That’s equivalent to almost $3,000 for every American.
...
Eventually, something will happen that will be too big to ignore. It’s impossible to know what that will be or when it will occur, but irresponsible, selfish behavior ultimately always brings negative consequences.
...
We’d better change our ways. The debt only gets deeper each day we grow older. At this rate, $36 trillion is only months away.”
- rest of column at Another day older and $35 trillion in debt - (arkadelphian.com)
…
On Sept. 30, 2000, the debt stood at $5.67 trillion. It had taken more than two centuries to reach that amount.
Since then, the debt has increased more than $29 trillion in less than 24 years – the result of spending increases, tax cuts, wars, recessions and the pandemic. This has happened under two Democratic and two Republican presidents and with both Democrats and Republicans controlling Congress. Most of the spending – Social Security, Medicare, interest – is on autopilot and not even debated in Congress.
...
This fiscal year, taxpayers will pay $1 trillion in interest payments alone. That’s equivalent to almost $3,000 for every American.
...
Eventually, something will happen that will be too big to ignore. It’s impossible to know what that will be or when it will occur, but irresponsible, selfish behavior ultimately always brings negative consequences.
...
We’d better change our ways. The debt only gets deeper each day we grow older. At this rate, $36 trillion is only months away.”
- rest of column at Another day older and $35 trillion in debt - (arkadelphian.com)
