Even as both Democrats and Republicans continue to spend vast amounts of taxpayer money the government doesn’t have on various unconstitutional projects, America’s debt is rapidly spiraling completely out of control.
As of last June in Joe Biden‘s America, America began adding about $1 trillion of debt every 100 days. Our country is doing the equivalent of spending like a drunken sailor while never paying off the credit card. As I reported in January, the alleged economic growth that media and Democrats tout is just the government adding ever more debt. This is completely unsustainable and irresponsible. The dollar is becoming meaningless, even as our existential enemy the Chinese Communist Party excitedly pursues de-dollarization (replacing the U.S. dollar as world reserve currency).
Bank of America investment strategist Michael Hartnett was the man who called attention to the insane ballooning of the U.S. national debt. From Just the News:
“The national debt is currently $34.48 trillion and rising. It surpassed $34 trillion for the first time in U.S. history on Jan. 4…The national deficit is $531.86 billion fiscal year to date.
‘Compared to the national deficit of $460 billion for the same period last year (Oct 2022 – Jan 2023), our national deficit has increased by $72 billion,’ the federal agency tasked with U.S. fiduciary responsibility states.
Hartnett predicts a 100-day pattern will continue, with the national debt reaching $35 trillion this month, as CNBC first reported.”
And it’s always the taxpayers of America who pay the price for government officials’ irresponsibility and greed.
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Author: Catherine Salgado
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