How is the U.S. National Debt looking 13 years later?
Posted By RichC on September 30, 2023
Thirteen years ago I blogged on the US National Debt spiraling out of control (the US National Debt was $13.5 Trillion in September of 2013) … who knew we wouldn’t even remotely take this exponentially increasing monstrosity seriously? Now we’re $33 TRILLION in debt, running huge deficits, and adding to the national debt even faster (with interest rates rising).
Politicians spend, borrow and the political left demands even more from taxpayers while showing little regard for the billions of dollars of wasteful spending and throwing millions at every noble (or not so noble) cause … no matter how ineffective the outcome. At some point, we either have to come to terms with our spending problem OR face a future watching faith in the US dollar disappear and our currency devaluated (see US Debt Clock).
It looks bleak from my perch, but then I’ve been concerned for decades and yet it continues?
Comments