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Twitchy
twitchy.com
19 Jun 2024
Amy Curtis


NextImg:This Is Fine: John Stossel Shares MAJOR Wake Up Call on How Much of America's $35 Trillion Debt YOU'D Pay

Spend, spend, spend.

Tax the rich.

Spend, spend, spend.

That's the pattern -- for years. Democrat and Republican have a spending problem, and it's going to come back and bite us on the butt. Hard.

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We owe $100,000 as of today.

That'll keep going up.

It means this writer owes almost two years of her salary to the national debt. So far.

Stossel writes:

America is now almost $35 trillion in debt. That means every American owes $100,000.

The Biden administration doesn’t care. They want to spend more.

Already they are spending so much that they’re increasing our debt by a trillion dollars every 100 days.

President Donald Trump was no better. His administration increased our debt by almost $8 trillion.

This will not end well.

Last year, we hit a new ugly milestone: Americans must pay $1 trillion per year just for interest on our debt.

That’s more than we spend on defense — on infrastructure, education, poverty programs … everything, but Social Security and Medicare.

If we didn’t waste these trillion dollars on interest, we could give $3,000 tax cuts to every man, woman and child to use as they please.

Worse, America’s spending growth is unsustainable. You can stretch a rubber band farther and farther, but eventually, it will break.

And when it breaks, gird your loins.

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And that right there is the problem.

They waste a lot of money on stupid stuff, and then claim they have to make drastic cuts to Social Security and Medicare rather than the wasteful projects.

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That's the plan.

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True.

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It's so, so bad.

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It is.

And it's gonna be painful to pay it.

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Exactly all of this.

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But if we just tax the rich more, it'll solve our problems.

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Bingo.

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Because they don't think this'll impact them.

Also, there comes a point when the amount of spending just becomes so massive our brains can't process it. $35 trillion in debt is unfathomable, so we don't understand how big it is.

Breaking it down to say every American -- man, woman, and child -- owes $100,000 makes it slightly more tangible.

Either way, it's bad. And when the fit hits the shan, as it were, it's going to get very ugly.