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De Omnibus Dubitandum - Lux Veritas

Tuesday, January 17, 2017

National Debt Is Our Biggest Security Threat



President-elect Donald Trump’s recent public rebuff on social media of his own party’s secretive actions to gut the Congressional ethics board was a breath of fresh air. But that is not the only issue he should push back on with Congressional Republicans.

Under a Republican budget resolution, the national debt will explode by a third from an already staggering $19 billion to $29 trillion over the next ten years. Although counterintuitive, Democratic presidents, at least those after World War II, have reduced deficits as a portion of the value of the national economy (GDP) while Republican presidents have increased them—thus accumulating less public debt as a percentage of GDP. Yet neither political party has paid enough attention to this burgeoning national security problem......To Read More....

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