Remember the debt? That $17 trillion problem? Some in Washington seem to think it’s gone away. The Washington Post reported that “the national debt is no longer growing out of control.”Lawmakers and liberal inside-the-Beltway organizations are floating the notion that it’s not a high priority any more. We beg to differ, so we came up with 17 reasons that $17 trillion in debt is still a big, bad deal....To Read the Whole Article.....
1. $53,769
– Your share of the national debt.
2. Personal
income will be lower.
3.
Fewer jobs and lower salaries.
4. Higher
interest rates.
5. High
debt and high spending won’t help the economy.
6. What
economic growth?
7. Eventually,
someone has to pay the nation’s $17 trillion credit card bill, and Washington
has nominated your family.
8. Jeopardizes
the stability of Medicare, Social Security, and Medicaid.
9. Washington
collects a lot, and then spends a ton. Where are your tax dollars going?
10. Young
people face a diminished future.
11. Without
cutting spending and reducing the debt, big-government corruption and special
interests only get bigger.
12. Harmful
effects are permanent.
13. The
biggest threat to U.S. security.
14. Makes
us more vulnerable to the next economic crisis.
15. Washington
racked up $300 billion in more debt in less than four months.
16. High
debt makes America weaker.
17. High
debt crowds out the valuable functions of government.
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