New Book: Barack Obama Worked 'Behind the Scenes' to Derail Kamala Harris
Letitia James Heard About a Head Start Program Closed Down Because of Trump's...
Stephanie Turner Female Athlete Who Refused to Fence Against a Male Speaks Out...
Listen, Fat: '60 Minutes' Is LYING to You About Obesity and Weight Loss
Katie Pavlich Has a GREAT Idea That Would Keep the Formerly Taxpayer Funded...
LOL: FactPost Wants You to Believe That Grocery Prices Have Already Increased By...
See You in Court! Michigan Judge Okay's White Man's Racial Discrimination Suit Against...
Sen. Mazie Hirono Declares Dan Bongino Is Not at All Qualified
CNN Lib Claims Lloyd Austin ‘Never Compromised American Lives'
BUSTED: Cali Judge Who Ruled Trump Must Fund Illegal Immigrants Has MAJOR Conflict...
SHOCKER: Comedian Bill Burr Suddenly Doesn't Want to Talk About Elon Musk ......
Flashback: Here's Chuck Schumer Arguing for Anti-Fraud Measures for Illegals
NH Teacher Union Head Says the Quiet Part Out Loud As She Rails...
WATCH: The New Naked Gun Trailer Drops With the PERFECT O.J. Simpson Joke
Flashback: Here's Nancy Pelosi Singing a (D)ifferent Tune on China, Trade Deficits, and...

This Is Fine: John Stossel Shares MAJOR Wake Up Call on How Much of America's $35 Trillion Debt YOU'D Pay

Sarah D.

Spend, spend, spend.

Tax the rich.

Spend, spend, spend.

That's the pattern -- for years. Democrat and Republican have a spending problem, and it's going to come back and bite us on the butt. Hard.

Advertisement

We owe $100,000 as of today.

That'll keep going up.

It means this writer owes almost two years of her salary to the national debt. So far.

Stossel writes:

America is now almost $35 trillion in debt. That means every American owes $100,000.

The Biden administration doesn’t care. They want to spend more.

Already they are spending so much that they’re increasing our debt by a trillion dollars every 100 days.

President Donald Trump was no better. His administration increased our debt by almost $8 trillion.

This will not end well.

Last year, we hit a new ugly milestone: Americans must pay $1 trillion per year just for interest on our debt.

That’s more than we spend on defense — on infrastructure, education, poverty programs … everything, but Social Security and Medicare.

If we didn’t waste these trillion dollars on interest, we could give $3,000 tax cuts to every man, woman and child to use as they please.

Worse, America’s spending growth is unsustainable. You can stretch a rubber band farther and farther, but eventually, it will break.

Advertisement

And when it breaks, gird your loins.

And that right there is the problem.

They waste a lot of money on stupid stuff, and then claim they have to make drastic cuts to Social Security and Medicare rather than the wasteful projects.

That's the plan.

True.

It's so, so bad.

It is.

And it's gonna be painful to pay it.

Advertisement

Exactly all of this.

But if we just tax the rich more, it'll solve our problems.

Bingo.

Because they don't think this'll impact them.

Also, there comes a point when the amount of spending just becomes so massive our brains can't process it. $35 trillion in debt is unfathomable, so we don't understand how big it is.

Breaking it down to say every American -- man, woman, and child -- owes $100,000 makes it slightly more tangible.

Either way, it's bad. And when the fit hits the shan, as it were, it's going to get very ugly.

Join the conversation as a VIP Member

Recommended

Trending on Twitchy Videos

Advertisement
Advertisement
Advertisement