Sep 17, 2017

National Debt Continues to Grow






Our National Debt continues to grow. Proposed additional spending with tax cuts will worsen the debt.

Deficit spending is appropriate in the depths of a major recession or to support a war. But when the economy is doing well we should ensure that our revenues match or exceed our expenditures.





https://tradingeconomics.com/united-states/government-debt-to-gdp

http://zfacts.com/p/318.html

https://www.cbpp.org/research/the-long-term-fiscal-outlook-is-bleak