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18 Facts on the US National Debt That Are Almost Too Hard to Believe
BY GOVERNMENT SLAVES ON 09/19/2019

Emigrate while you still can!
At around $22.5 trillion, the United States national debt sits at 106 percent of Gross Domestic Product (GDP). There is no disputing that this gigantic debt will someday become due and payable. However, there is hesitation among the political class as to what must be done to pay down and eliminate this debt.

Continual Spending Increases
Progressive lawmakers have largely refrained from discussing this liability, preferring to claim that the United States can continue to fund exorbitant government programs. Conservatives have unsuccessfully, on numerous occasions, attempted to limit federal outlays. With each failed attempt, conservatives instead continue to vote for spending increases. At the National Review, Michael Tanner writes,

there is no effort to prioritize or make the difficult choices of governing, there is only…more.

Each attempt to cut or reduce the growth of federal spending has been met with resistance and ferocious outrage.

If there is any takeaway from these unsuccessful attempts to reduce spending, it is that federal spending has subsidized numerous projects or programs, which have grown dependent on the federal government. There may be many good uses of federal funds, but this does not provide lawmakers with a “Get-out-of-jail-free card.” For now, lawmakers continue to spend as if they are children in a candy store with no limit on their parents’ credit card. At some point, lawmakers must address the underlying problem: federal spending.

Entire Article Here: https://governmentslaves.news/2019/09/19/18-facts-on-the-us-national-debt-that-are-almost-too-hard-to-believe/