Posted on 04/22/2022 10:29:02 AM PDT by Kaslin
I wholeheartedly believe that the ballooning national debt – which recently crossed the $30 trillion threshold – is an existential crisis for our Republic.
For years, politicians have shaken their fists about deficits and debt, only to do nothing when it came to actually implementing solutions and making tough decisions. Alabamians are wise to this all talk, no action mentality, which is why we need a proven, effective leader who is ready to hit the ground running on day one to tackle this generational challenge.
At president and CEO of Alabama’s business council, I cut waste, rightsized the organization, and turned an operating deficit into a surplus in a matter of months. I know what it takes to balance a budget in business and at home, just as all hardworking Alabama families do.
We’ve all heard the doomsday warnings about the debt for years, but this time truly is worse than ever. Our country has never before seen this level of rampant spending -- and on this magnitude of existing debt. Democrats in Congress, along with the Biden Administration, are acting like they’re dealing out Monopoly money while paying people to stay at home instead of working.
The Congressional Budget Office estimates that on the current trajectory, federal public debt will rise to over 200% of our gross domestic product by 2051. This means that we would have to pay seven cents out of every single dollar of the American economy just on interest payments. That’s roughly double what our federal government currently spends on national defense, which should be the top priority of federal spending.
(Excerpt) Read more at townhall.com ...
It’s not Tax-and-Spend anymore, not for a long time.
It’s Spend-and-Tax, where the government spends at it wishes, and then taxes to make up for all the spending, but, they’ll never be able to tax enough to pay for all the spending.
There will never be enough taxes collected to satisfy the debt the country has incurred.
Katie Britt is Mitch McConnell’s choice for the next Senator from Alabama.
Absent repeal of the 17th Amendment, it is a fool’s errand to think popularly elected senators will look beyond their next election.
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