America is now almost$ 35 trillion in debt. That means every American owes$ 100, 000.
The Biden administration does n’t care. They want to invest more.
They now spend a trillion dollars every single day, which is why they are now causing our debt to rise.  ,
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President Donald Trump was no better. Our debt increased by nearly$ 8 trillion under his administration.
This will not end also.  ,
Last year, we hit a new ugly milestone: Americans must pay$ 1 trillion per year just for , interest , on our debt.  ,
That’s more than we spend on protection– on equipment, learning, hunger programs… whatever, but Social Security and Medicare.  ,
If we did n’t waste these trillion dollars on interest, we could give$ 3, 000 tax cuts to every man, woman and child to use as they please.
Worse, America’s paying progress is unsustainable. You may bend a rubber band farther and farther, but later, it will crack.  ,
This paragraph has covered the carelessness of officials for a while.
I criticized our loan as rising by a trillion dollars annually in 2019 and beyond. But today, it’s three trillion!
In 2023, the rankings company Fitch was criticized for downgrading U. S. federal loan. But a few months later, Moody’s Investor Service lowered its prospect from” stable” to “negative”, saying America’s “fiscal deficits will be very large, significantly weakening loan affordability”.
No single knows which grass will split the camel’s back.
In the past, officials at least talked about our bill trouble.
President Bill Clinton said,” We’ve got to deal with this great long- word bill problem, or it will cope with us”.
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President Barack Obama said no dealing with it is “irresponsible”.
Trump said,” We’ve got to get rid of the$ 19 trillion in debt”.
But neither of them did anything about it.
They are now lying about it. We actually cut the national debt in half, according to President Joe Biden.
This is immoral. When he took office, our debt was$ 26.9 trillion. Now it’s$ 34.8 trillion.
The issue is largely due to Biden staffers ‘ listening to proponents of” Modern Monetary Theory,” which is the absurd notion that the United States can spend even more because it prints its own currency.
” There’s nothing to reduce the federal government”, says Stephanie Kelter, Sen. Bernie Sanders ‘ financial adviser, “from creating as much money as it wants to and paying it to someone”.
This is insane. Look at the nations that tried it.  ,
After World War I, the German government could n’t afford its reparation payments, so it printed more money. That resulted in 300 % inflation and frustration, which set the stage for Hitler.
Similar inflation wrecked existence Argentina, Zimbabwe and, most just, Venezuela.
People work their entire life to create benefits, officials steal it through prices.  ,
Now, foolish people like Biden and Sen. Elizabeth Warren say we can “fix” our gap by taxing the affluent.  ,
Since the investment market’s risen about 30, 000 positions in 15 years, there are a lot of overly rich people around.
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” Pay your good promote”, shouts Warren.
However, the wealthy already pay a larger share, so raising taxes on the wealthy would n’t even help us escape the mess we’re in.
First, many would n’t pay. They would relocate worldwide, make investments overseas, or pay even more for tax attorneys to circumvent the law.  ,
Even if they did n’t, there are n’t enough wealthy people to raise taxes to make up for the money our politicians spend. If Warren were able to get all , entrepreneurs ‘ success, that would only cover about a sixth of our debts.  ,
The only way to get rid of debt is to handle extreme government spending, which is what led to it.  ,
It should n’t be so hard. Politicians do n’t even need to cut back on their spending. They do n’t need to balance the budget.
They simply need to set spending increases at about 4 %, which is close to the average annual economic growth rate in America. Then we could work our way out of the problem of our debts.
But our politicians wo n’t even do that.  ,
They do n’t even talk about debt.
They are reckless liars.
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