KTRH Local Houston and Texas News

KTRH Local Houston and Texas News

KTRH-AM covering local news from Houston and across Texas.

 

The fiscal failings of Washington has created an over $2 trillion deficit

The national debt has been a topic of concern and worry for decades now, as Washington continues their reckless abandonment of fiscal responsibility. That has become even more evident in President Biden's tenue in office. Over $70 billion in aid has been sent to Ukraine, and he their president has the audacity to ask for even more.

We have essentially just been printing money, because why not, and gifting it out. The COVID stimulus was a good example of it as well, even if part of that was under former President Trump. This reckless spending has now taken us to the edge of a massive cliff, and the brink of a disaster.

Melissa Mackenzie of the American Spectator says this cliff is so large that the average American cannot even comprehend it anymore.

"How do you comprehend knowing a baby being born owes $150,000 to the government...how do you even quantify that into terms people can comprehend?" she says. "To comprehend the trillions in deficit is almost impossible...it is unfathomable."

In 2022, the government operated at a $1 trillion deficit, but that exploded to over $2 trillion when the Supreme Court of the United States shot down Biden's ill-conceived, and frankly silly plan to forgive student debt.

Mackenzie says this has all pushed us to the brink of a worldwide financial catastrophe. The worst part is that the issue has become white noise to most Americans, and they just tune it out.

"Most people when they face something they know they cannot do anything about...they just check out," she says. "That is where America is at now...people just want to live their life, hope it does not happen today, and deal with it when it comes."

The reckless spending is also bringing Washington to a point in which interest will become one of the largest elements of the federal budget. That ultimately means young Americans having their tax dollars spent on paying bills their parents or even grandparents help rack up.

So, of course, what is the bottom line, and is there a way to pull out of this tailspin? For that, Mackenzie has a medical analogy.

"If you catch cancer early, and you have to cut out a tumor, the body can heal...but when everything has gotten to where it has, and it is so interconnected...to kill the cancer means to kill the host. That is where we are now," she says.

In the end, she says this is a matter of how long we have left now.

"Where we are is unsustainable...we have become decadent. We are certainly way, way beyond simple surgical solutions to the problem," says Mackenzie.

National Debt - Debt Ceiling & USA Credit Worthiness

Photo: Douglas Rissing / iStock / Getty Images


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