October 25, 2024
On government spending and campaign promises...
There isn’t a ton to say to introduce today’s link. The national debt is out of control and has been for decades now. In 2000, it was a manageable $5.62 trillion. By 2010, it had more than doubled to $13.56 trillion. It now stands, not even a decade and a half later, at $35.77 trillion. This clearly isn’t sustainable. Most everyone in government agrees, but that’s where the consensus ends. And now we’re in an election season where the candidates are making promises on how to fix the problem without any actionable solution.
To be clear, there’s no easy way to fix the debt. We’re so far down this road, maybe there’s no way to fix it. But our presidential candidates/next president still owe us a serious plan now. Because at some point, it will be too late.