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  3. The TRUTH is...Americans are in serious trouble with our national debt that went from 1 to 2 trillion last year

The TRUTH is...Americans are in serious trouble with our national debt that went from 1 to 2 trillion last year

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  • calfoxwc C Dedicated Very Popular Conversation Starter Collaborator First Post Posting Machine Reacting Well Week One Done One Year In One Month Later
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    C calfoxwc wrote on last edited by
    #1

    democrat partisan stupidity: (and yes, the reps aren't helping by cowardly going along with extensions to "not shut down the gov"

    https://www.theblaze.com/shows/stu-does-america/scary-economics-expert-explains-what-will-happen-to-americans-if-our-national-debt-continues-to-grow

    "

    Brian Riedl, senior fellow at the Manhattan Institute and an expert in budgeting, taxes, and economic policy, confirms that Biden is indeed lying.

    “Last year, the deficit doubled from $1 trillion to $2 trillion – the largest share of the economy in American history, outside of wars and recession,” he tells Stu, adding that despite what Biden says, “the deficit is growing enormously.”

    “The president has already added $5 trillion to 10-year deficits if you add up all the legislation he's signed. The fact that he claims he's reducing deficits is completely and mathematically absurd,” he continues."

    **************

    "Further, granted “the path we're on, middle-class taxes will eventually double.”

    “That's the danger of having debt go to 200%-300% of GDP. And that's the situation that the president is doing nothing about and in fact is pouring gasoline on the fire,” Riedl warns."

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