Oct 17, 2022 ~ Brian C. Joondeph, 'The National Debt Elephant in the Room' "Each % increase of the federal funds rate translates into over $300 billion in annual interest payments." "There are no good solutions." Printing money causes more inflation, higher interest.
Aug 27, 2022 ~ A Penn Wharton Budget Model analysis of Biden's illegal student loan 'forgiveness' program reveals that "the total plan costs could exceed $1 trillion." The unaffordable $330 billion price tag was apparently too low. Its over $500 billion in forgiveness alone, plus other costs.
Aug 23, 2022 ~ The error or fraud paid in #COVID19 unemployment benefits now tops $163 billion!!! Many more investigations are pending or cannot be practically done so the total could actually be much greater. Possibly the largest fraud in the history of the United States.
Jun 26, 2022 ~ Kevin Williamson, 'Here Comes Fiscal Armageddon' "Fiscal Armageddon is what will happen when the U.S. government’s debt load exceeds its ability to comfortably service that debt." Will be spending more to service debt than anything else. Gov't will choose easy option, inflation.
Jan 28, 2022 ~ Terry Jeffrey 'Debt Up $2 Trillion in 1 Year of Biden' "The [US] had existed for 210 years, and 40 presidents had served as this nation's chief executive, before the debt first topped $2 trillion in 1986." This is beyond unsustainable but all Dems can talk about is spending more.
Nov 1, 2021 ~ Cori Bush says Joe Manchin is "anti-Black, anti-child, anti-woman, and anti-immigrant" for being against a multi trillion dollar 'Build Back Better' spending program that we can't actually afford. This is all the Democrats do. Vote the way we want or we'll falsely call you names!
Oct 10, 2021 ~ Ben Shapiro, "No, Government Spending Isn't 'Zero Cost'" Really sad that an article with this title would have to be written but the Biden administration is actually claiming a $3.5 Trillion "reconciliation package will cost 0 dollars" and the lapdog #FakeNews is playing along.
Jul 27, 2021 ~ Charles Cooke, 'We’re Not Going to Fix Our Spending Crisis' "We are told from time to time that we will eventually hit a crisis that will serve to wake us up. But, if anything, the opposite is likely true." Spending is so out of control. But no one will be allowed to stop it.
May 12, 2021 ~ Philip Klein, 'Inflation Soars as Biden Pushes for $4 Trillion in More Spending' The CPI increased '4.2% over the last 12 months, which is the highest increase since 2008.' Democrats think they can print countless trillions and not cause inflation. Zero economic understanding.
Apr 7, 2021 ~ Philip Klein, 'Unlike Obama, Biden Doesn’t Even Pretend to Care about Tackling Our Historic Debt' Obama, 'We cannot, and will not, sustain deficits like these without end... I refuse to leave our children with a debt that they cannot repay.' Now we add $Trillions left and right.
Mar 5, 2021 ~ Neil Patel, 'Time to Start Talking About America's Coming Bankruptcy' ' why are we ignoring this obvious and impending catastrophe?' 'At some point... the interest we pay on our debt will be so high we will not be able to afford the rest of our budget.' Political loser to address
Feb 11, 2020 ~ Stephen Moore, 'Defusing the Debt Bomb'. Debunks myths like 'Trump caused these deficits'. No they were 'baked into the cake' from decades of passing unaffordable programs. 'Trump tax cuts caused the deficit'. No, the tax cuts increased, not decreased tax revenue. Dems worse.
Jan 31, 2020 ~ Neil Patel 'Our Coming Debt Crisis'. Patel demonstrates why the party is almost over. The level of borrowing that started with Bush is clearly unsustainable for much longer. Our debt to GDP ratio is now over 100%. Addressing it is political suicide so neither party is willing.
Dec 11, 2019 ~ John Stossel, 'The Forgotten Debt'. Stossel rightly reminds us that the debt is $23 trillion and increasing about $1 trillion a year. This is clearly unsustainable but it is politically impossible for anyone to address it. Even talks of slowing the growth are met with howls.
Sep 13, 2019 ~ Deficit exceeds $1 Trillion dollars. Highest in 7 years. Dems blame on the tax cuts but tax revenues are actually up since the tax cuts. The unsustainable spending must be reduced. But all dem campaign promises would lead to much higher spending. The opposite of what's needed.
Mar 19, 2019 ~ Kevin Williamson article, 'Just Stop Spending'. He points out the GOP used to be for balanced budgets. Some economists say deficits are useful during recessions or war but now we run them continuously. But dems vilify any cut no matter how small. Cuts can't compete with free.
Oct 21, 2018 ~ Deficit hits $779 billion for FY2018 - Controlling the Debt Is Gonna Be Painful - It is a lie that the deficit is mostly caused by the tax cuts - but it is true that disaster awaits if unsustainable entitlements are not addressed.
Sep 22, 2018 ~ Tax cuts already paying for themselves but new spending has outpaced the revenue gains - On track for Trillion dollar deficits again - current debt $21T - on track to top $30T by 2025 - unsustainable
Jul 29, 2018 ~ GOP apparently no longer interested in fiscal responsibility and debt now that in power - Only a few like Rand Paul take a stand against irresponsible budget - pols have no incentive to cut. In a debt death spiral but no one seems to care.
Apr 1, 2018 ~ National Review Editorial Board, The Omnibus Disgrace - Loaded with Pork - fiscally irresponsible and not what conservatives want - had to give dems everything just to get some additional military spending.
Jan 8, 2018 ~ America Needs a Balanced Budget Amendment now more than ever - Transfer payments are now about 70 percent of federal spending - as long as politicians are allowed to spend borrowed money, they will beat politicians who try to be responsible
Dec 28, 2017 ~ Social Security Beneficiaries Hit Record 62 million people including those on disability and dependents - now just 2 workers for every beneficiary, trillions in unfunded liabilities - no politician willing to address the shortfall.
Sep 18, 2017 ~ National Debt Right Now exceeds $20 Trillion - good break down of how serious a problem it is - soon the interest itself will swamp us as interest rates must eventually rise - spiraling toward bankruptcy
Dec 17, 2016 ~ Teresa Mull, 'Teacher Pension Crisis Is Punishing Children and Taxpayers' - $500 Billion shortfall - further proof that public sector unions and pension systems in general are unsustainable