Friday, June 28, 2024

The Crushing National Debt Will Crush Each of Us

 Every person in America now has $100,000 worth of the national debt.  This simply can’t continue without hitting a crises like we haven’t seen since the Great Depression and I’m quite sure todays Americans are not cut from the same cloth as our great grandparents were.  I really hope Jesus comes before we are all forced to experience what’s coming.

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But whether a polarized Congress can agree on a plan is debatable, they say.

“It is easy to point fingers, but both parties are to blame for our country’s fiscal condition,” wrote Sens. Joe Manchin, a Democrat from West Virginia at the time but has since switched to Independent, and Mitt Romney, R-Utah, and U.S. Reps. Bill Huizenga, R-Mich., and Scott Peters, D-Calif., in an op-ed in January. And “getting out of this mess will require putting aside the political posturing.”

They noted “the national debt has now exceeded $100,000 for every person in the United States. Given the imminent nature of this crisis, continuing to turn a blind eye will only put the American Dream further out of reach for our children and grandchildren.”

https://www.usatoday.com/story/money/personalfinance/2024/06/27/us-budget-deficit-cuts-incomes/74211526007/


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