The national debt has reached an all-time high topping out at $22 Trillion and it seems like no one in Washington has a care in the world about the biggest threat to this country.
Politicians talk a big game and especially Republicans who run for office claiming that the government spends too much money and that we need to reduce spending and rein in the national debt. However, once they get elected those tables turn and the debt continues to rise under their leadership. There is no need to talk about the Democrats because it is just expected to go up under their leadership.
What’s even worse is that the New York Times has noticed that this is a problem in a recent article:
WASHINGTON — The federal debt ticked past $22 trillion this week, a record that comes despite continued economic growth, but neither political party appears to be making a priority of debt reduction.
Larry Kudlow, the director of President Trump’s National Economic Council, said on Thursday that the president was “concerned” about the rise of the debt, and that the administration would propose some reductions in federal spending in its next budget.
But he said the scale of the debt was not “a problem.”
During the first two years of the Trump administration, the debt increased by more than $2 trillion, in part because of the $1.5 trillion tax cut and large spending increases the president has signed into law.
Leading Democrats also have left the issue largely untouched. Several members of the emerging field of presidential candidates have proposed tax increases, but they have generally presented those plans as antidotes for economic inequality, not measures aimed primarily at curbing the debt.
When will we get a politician that actually cares about this growing threat? Instead, we have a President that just declared a national emergency to build an unnecessary wall on the southern border that will cost billions of dollars.