$40 Trillion and Counting
The U. S. debt officially exceeded $40 trillion on August 18
According to official Department of the Treasury figures, the national debt exceeded $40 trillion on August 18.
That’s $199,699 for every American, and it’s going up by $181 every day.
The debt has doubled since 2017, and there have been no signs that the growth of the debt is going to slow anytime soon — and we’re now spending more on interest on that debt than we are on defense or Medicare.
Let that sink in: we’re spending more on interest on borrowed money we’ve already spent than on defense or Medicare.
And when Elon Musk’s DOGE group found and suggested cutting massive amounts of waste and fraud, the Usual Suspects howled about killing Grandma or something — as they always do.
Personally, I don’t feel like the American taxpayer should have been funding transgender opera in Columbia, promoting workplace DEI in Serbia or promoting constitutional reforms in Zimbabwe when we have kids in Alabama who are refusing to take baths because their tap water is “yucky” and brown…but that’s just me.
Meanwhile, the debt — and the interest payments — keep on growing, and I haven’t heard any nominee for national office of either party here in Alabama do more than give the obligatory lip service to how to fix this mess.
The solution is obvious: raise taxes and massively cut spending — neither of which will happen because they’re not “politically feasible.”
Translation: raising taxes and cutting spending doesn’t make the world safe for re-election. Again, not going to happen.
That’s something to keep in mind as you look at your choices in the November election.
Here’s something else: have you gotten your money’s worth from all that spending?
Dr. Bill Chitwood is the Managing Editor of ALPolitics.com. He is the author, under his nom de guerre Doc Contrarian, of Beyond MAGA: From Trump campaign slogan to political movement to restoring the Republic. He identifies as Conservatarian Contrarian and a staunch Constitutional Originalist. He enjoys being called a First Amendment Nazi — mainly because he is.
Opinions do not reflect the views and opinions of ALPolitics.com. ALPolitics.com makes no claims nor assumes any responsibility for the information and opinions expressed above.
