The recently announced spending and lift the debt ceiling deal is bad deal for Americans’ future. Congress continues to abdicate its responsibility manage the nations purse responsibly. It’s failing to protect the future of the nation. Congress refuses to discharge its constitutional duty. It is not keeping America safe from the economic and national security threats posed the reckless spending.
National Security Strategy…
President Trump’s National Security Strategy rightly highlights the need to reduce the national debt. It is a threat to our national security. He has been joined by other national security leaders in sounding a warning. Continued increases in our national debt will hinder our ability to sustain our national security. Members of Congress have produced spending authorization but no budget. The bill irrationally increases the national debt. It enshrines trillion-dollar deficits on our nation’s books.
Today, the national debt has risen to over $22.5 trillion. Our deficit will approach $1 trillion each year. The national debt has more than doubled since the start of President Barack Obama’s administration. It has quadrupled since the beginning of President George W. Bush’s administration. Those are startling facts.
Blame… there’s plenty to go around.
Some may place blame for the debt and deficit on tax cuts. They cite specifically the Tax Cuts and Jobs Act (TCJA). But that was signed into law at the end of 2017. Economic experts credit the TCJA for helping the American economy experience a sustained resurgence. Monthly Treasury Statements show government revenues have increased since the TCJA’s enactment. But… government spending has grown too. Spending is the problem.
We are going into debt making unwise spending decisions. We are still responsible for the outcomes of those decisions. When Congress goes deeper into debt for today’s spending, future generations pay for our recklessness. But we’re doing it for the children, right? No, we are doing it to the children.
What happens if we don’t…
In the next decade alone, the national debt is projected to surpass the $30 trillion mark. Social Security will pay out more money than it takes in. Medicare will experience solvency issues. These fiscal disasters will make today’s fiscal insanity seem mild in comparison. Congress can and should change the course of history.
Our most recent spending proposal perpetuates our fiscal irresponsibility. Not only is the spending reckless but eliminating the debt limit is egregious. Millions of American families and businesses reject this delinquent spending. We understand the concept of debt and deficits. We know the consequences of our spending decisions.
When we go into debt or make unwise spending decisions, we are responsible for those decisions. When Congress goes into debt, future generations pay for their recklessness. Our current class of lawmakers and bureaucrats will be out of office before the bill comes due.
Who pays the bill?
The new class of public servants will be saddled with crisis management decisions. It does not matter what precipitates the crisis. It may be unfunded pension liabilities, Social Security or interest rate hikes. A time will come when the country can no longer borrow enough to pay all of our bills; fact.
Don’t our children and grandchildren deserve a future that is free of economic collapse? Why should we force our governmental overspending on them? They have no representation in this taxation except you and me. Don’t our children and grandchildren deserve better than the fiscal chaos and ruin? It’s up to Congress to come to our senses. They are charged with fixing our spending problem. They must do it while we still have the options left to do so. We must reject the current spending authorization agreement. They need to work to produce legislation that puts our country on a track of meaningful and permanent fiscal responsibility.