News

Intelligence Director: National Debt 'Dire Threat to Our Economic and National Security'

Intelligence Director: National Debt 'Dire Threat to Our Economic and National Security'

Trump’s budget projects a deficit of $1 trillion next year, as the federal debt continues to climb toward $21 trillion.

On the campaign trail, Trump blasted then-President Barack Obama for doubling the national debt from $10 trillion to $20 trillion.

Democrats have resisted Republican efforts to cut spending or reforming entitlements (the ultimate driver of long-term deficits).

That led to a massive budget agreement last week, where Trump was able to secure higher spending for the military only at the cost of higher spending on everything else.

But the political marginalization of the deficit hawks — which began, ironically, when newly-elected Tea Party Republicans reluctantly accepted the 2011 agreement rather than be blamed national default — leaves no one in Washington to lead the effort to put America’s fiscal house in order.

Please Help Us Keep this Site Running

Thank you for the donation

 
 
 
Powered by Stripe
Subscribe to our Newsletter

Latest News, Photos & Videos