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Don't tell me GOP is still going to run on debt for reelection, they've been talking about it for the Last 15 years. The loons on the left and right better come together and budget. Something not mentioned is "if or when" we have a recession will we have the tax receipts to service the interest on the debt. I still need my entitlements!
"Though our level of debt is dangerous for both our economy and for national security, America just cannot stop borrowing," said Maya MacGuineas, president of the Committee for a Responsible Federal Budget. Even more worrisome is that the spike in interest rates over the past year and a half has made the cost of servicing the national debt more expensive."
www.foxbusiness.com
"Though our level of debt is dangerous for both our economy and for national security, America just cannot stop borrowing," said Maya MacGuineas, president of the Committee for a Responsible Federal Budget. Even more worrisome is that the spike in interest rates over the past year and a half has made the cost of servicing the national debt more expensive."
US national debt tops $34T for first time in history
The U.S. national debt exceeded $34 trillion this week for the first time ever, setting off alarm bells over unprecedented levels of government spending.
