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De Omnibus Dubitandum - Lux Veritas

Tuesday, December 11, 2018

Consequences of Exploding National Debt Are Far-Reaching

By Romina Boccia December 7, 2018

Asawin Suebsaeng and Lachlan Markay have a piece in the Daily Beast citing an anonymous source that claims President Donald Trump is unconcerned with the national debt.

From their piece:
“Trump noted that the data suggested the debt would reach a critical mass only after his possible second term in office. 
“‘Yeah, but I won’t be here,’ the president bluntly said, according to a source who was in the room when Trump is said to have made that comment during discussions on the debt.”
The president’s alleged statement reflects a common stance among too many policymakers in Washington. The president may have merely voiced what many members of Congress think and how they themselves act. It’s all about incentives............As the U.S. fiscal situation becomes increasingly unsustainable, change is inevitable. Lawmakers should approach these changes with deliberation by reforming current policies gradually to enable the American people to adjust to any changes without doing unnecessary harm............To Read More....

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