The problem with debt
Published 9:10 pm Thursday, March 8, 2018
By Larry Summerour
Retired pastor who enjoys political commentary
An analysis by the non-partisan Committee for a Responsible Federal Budget has recently reported that trillion-dollar deficits will return permanently by next year — three years earlier than projected.
The analysis rightly tells us that the $1.5 trillion tax-cut package that Trump and Congress passed in December and the $400 billion budget bill have both made the situation much worse. In other words, our national debt will be heading to $30 trillion in the near future. Yes, we’ll be adding trillions of dollars to the debt that you, and I will pass on to our grandchildren to pay.
Why is this terrible thing happening to our great country? Also, what can be done about it? It is happening primarily because we are sending big-spending liberals to lead our government.
This includes liberal Donald Trump and liberal members of Congress. Yes, the Democrats and Congress are very liberal when it comes to wasting money. But so are the Republicans. The sad truth is that there are very few true conservatives in Washington, D.C. In 2016, I did not like Clinton or Trump. Why? Because they are big spending liberals. If Trump and Clinton run again in 2021, I am going to write in the name of John Kasich, the governor of Ohio. At least he has said numerous times that the budget deficits upset him.
My wife and I are doing well financially.
Why? Because we live within our means. Every year we save more than we spend, many of you have the same economic philosophy.
Again, if we fail to do something about this sad predicament, those who follow us will have to pay billions of dollars in taxes to cut the enormous deficit.
The main thing we the voters can do is to send true conservatives to the presidency and Congress.