Our high national debt poses significant risks to a nation’s economic stability and future prosperity. As the debt grows, so do the interest obligations, which can consume a large portion of the government’s budget. This diverts funds away from essential services such as healthcare, education, and infrastructure, and can lead to higher taxes or reduced public services.
Despite this obvious danger, the federal government under Joe Biden has done nothing to lower the national debt. In fact, Biden has made the problem much worse.
How much worse? President Biden has hit the gas on reckless government spending. His socialist presidency threw billions at wasteful federal agencies while giving billions to foreign wars. His protégé Harris plans to do the same thing if she is elected. Now, the country has reached a terrible milestone, and only a few Republicans are raising the alarm.
From Daily Wire:
The national debt of the United States surpassed $35 trillion for the very first time on Monday, prompting GOP lawmakers to renew calls for changes to rein in government spending…The report noted how the debt was at $32.65 trillion one year ago, which means it increased by $2.35 trillion over the past 12 months…
“The Biden-Harris administration’s push for more out-of-control spending is unacceptable, and further imperils our great Nation,” Perry added in a post to X.
National Debt Surpasses $35 Trillion: GOP Sounds the Alarm
In a concerning development, the national debt of the United States has surpassed a staggering $35 trillion. This milestone has prompted Republicans to raise urgent alarms about the nation’s fiscal health, criticizing the current administration’s spending policies and calling for immediate action to address the growing financial crisis.
A Stark Financial Reality
The latest figures from the U.S. Treasury reveal that the national debt has reached unprecedented levels, crossing the $35 trillion mark. This milestone is a stark reminder of the country’s mounting financial obligations and the challenges that lie ahead. The debt surge is attributed to Biden’s aggressive spending. In just 3.5 years, he has added $7.2 trillion to the debt. Despite all this spending, the U.S. economy reels from rampant inflation, with families struggling to make ends meet.
Republicans have criticized the Biden administration’s spending policies, arguing that they are exacerbating the national debt crisis. House Minority Leader Kevin McCarthy highlighted the administration’s multi-trillion-dollar spending packages, including the American Rescue Plan and the proposed infrastructure bill.
GOP lawmakers are calling for a comprehensive review of federal spending and the implementation of measures to curb the debt increase. They propose cutting back on non-essential programs, reducing government waste, and reforming entitlement programs. These steps, they argue, are crucial to stabilizing the nation’s finances and ensuring long-term economic health.
Implications for the Election
The issue of national debt is poised to become a central theme in the upcoming 2024 presidential election. With the debt crisis looming large, Republicans are expecting Trump to announce a plan to curtail it.
Kamala Harris is likely to ignore the issue. Democrats have never complained about the national debt. They seem to think it isn’t real. Something they won’t have to worry about. Their irresponsible spending is only putting a bigger burden on our children and grandchildren.
Key Takeaways:
- The U.S. national debt has surpassed $35 trillion, raising significant concerns about the country’s fiscal health.
- Republicans are criticizing the Biden administration’s spending policies, calling for immediate action to address the growing debt crisis.
- GOP leaders propose measures to stabilize the nation’s finances, such as cutting non-essential programs, reducing waste, and reforming entitlement programs.
- The issue of national debt is expected to be a major theme in the 2024 presidential election, with Republicans emphasizing fiscal responsibility.
Source: Daily Wire
