Asawin Suebsaeng and Lachlan Markay have a piece in the Daily Beast citing an anonymous source that claims President Donald Trump is unconcerned with the national debt.
The spending crisis that fuels the growing deficit and debt is a glaring example of politicians' myopia.
In some sense, the national debt and its drivers represent the most predictable crisis in U.S. history.
U.S. public debt is projected to exceed 100 percent of gross domestic product in the next 10 years and continue growing on a rapid, upward trajectory from there.
The consequences are far-reaching, from higher interest rates to lower economic growth, and the potential for a severe fiscal crisis and a reduced ability to meet national security demands to keep America and its allies safe.
The challenge for Americans lies in that the longer legislators wait to address the drivers of the growing national debt, the more painful the remaining solutions will be.
We must focus on putting better incentives in place, by holding lawmakers accountable for irresponsible fiscal decisions and demanding spending restraints with firm budgets, spending limits, and a constitutional amendment to maintain budget balance over a business cycle, like Switzerland's highly successful debt brake.
https://www.dailysignal.com/2018/12/06/the-high-cost-of-refusing-to-confront-the-exploding-national-debt/
The spending crisis that fuels the growing deficit and debt is a glaring example of politicians' myopia.
In some sense, the national debt and its drivers represent the most predictable crisis in U.S. history.
U.S. public debt is projected to exceed 100 percent of gross domestic product in the next 10 years and continue growing on a rapid, upward trajectory from there.
The consequences are far-reaching, from higher interest rates to lower economic growth, and the potential for a severe fiscal crisis and a reduced ability to meet national security demands to keep America and its allies safe.
The challenge for Americans lies in that the longer legislators wait to address the drivers of the growing national debt, the more painful the remaining solutions will be.
We must focus on putting better incentives in place, by holding lawmakers accountable for irresponsible fiscal decisions and demanding spending restraints with firm budgets, spending limits, and a constitutional amendment to maintain budget balance over a business cycle, like Switzerland's highly successful debt brake.
https://www.dailysignal.com/2018/12/06/the-high-cost-of-refusing-to-confront-the-exploding-national-debt/
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