Here in the good ol' US of A people on the Left are convinced fossil fuels will destroy our country. Meanwhile, Republicans are more concerned with stopping mass illegal migration.
Regardless of how you feel about either of these issues, one thing is clear - America's national debt will destroy us before climate change or a broken immigration system. I know, I know, this isn't what you want to hear, but it's true.
The national debt has topped $22 trillion for the first time - a new milestone.
Yesterday the Treasury Department announced our outstanding public debt stands at $22.01 trillion. We were at $19.95 trillion when President Donald Trump took office on Jan. 20, 2017.
The debt figure has been accelerating at a rapid rate for the past decade or two. This isn't a problem that's unique to Trump, but it's a problem none the less.
The Congressional Budget Office predicts this year's deficit will be $897 billion which is a 15.1% increase from last year's imbalance of $779 billion.
In the coming years the CBO forecasts the interest fees for our rising debt will soon be a higher number than the amount we currently spend on welfare or our military.
Our lawmakers have demonstrated a complete disinterest in trying to get to one of the root causes of the deficit—the budget rules.
The federal government is not forced to justify budgets every year. Ever since the 70s there’s been an automatic 5-7% year over year increase in departmental budgets. Even if they don’t have things to spend the money on, the federal mandarins will find a way to waste it.
As a result of this budget madness, plus the sincere disinterest in Congress critters and presidents in actually cutting the size of government, our deficit will double on average every 8-10 years.
Will anything help? Maybe if we forced a balanced budget on the Congress. Maybe if we forced term limits on Congress.
Because it’s certainly clear that NO elected official can be trusted with other people’s money.
Fire them all and pass two new Constitutional amendments.
Easy.
We've destroyed this country for our children. This is a serious problem and neither party is interested in solving it.
WASHINGTON, DC - June 2: The Eccles Building, location of the Board of Governors of the Federal Reserve System and of the Federal Open Market Committee, June 2, 2016 in Washington, DC. (Photo by Brooks Kraft/ Getty Images)