National Debt and the Economy

Many fail to realize that one of the greatest threats to America’s national security and economic stability is the national debt. As of January 2024, the national debt stood at over $34 Trillion with the Congressional Budget Office projecting the cumulative deficit over the 2024-2033 period to be an additional $20.2 trillion added to the current debt.  This level of debt is unsustainable and if not addressed would result in a U.S. economic default starting with the loss of social security and Medicare benefits.

Prior to the commencement of the Biden administration, America was experiencing the longest economic expansion since 1854, with record low unemployment for individuals of every race, age and gender.  That economic success was prompted by reforms in federal regulations and trade, targeted tax cuts, energy independence and free market programs that empowered working Americans and businesses. In less than one year after Biden took office, the economic success of the prior four years was rapidly reversed through the Biden administration’s reckless expansion of misleading “green policies” that grew socialist style spending, tax changes, restrictive energy programs, excessive regulation and business oppression.  It is undisputed that the average person has experienced skyrocketing prices for housing as well as at the gas pump and stores

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