Our National Debt

With all the chaos and heartbreaking loss of life around the world today, few noticed the Treasury Department drop a financial bomb: The deficit for fiscal year 2023 was $1.7 trillion, growing 23 percent in a single year as the Treasury used $879 billion just to service the federal debt. But "Bidenomics" means the worst is yet to come, and multi-trillion-dollar deficits are the new normal.

The impetus for these massive deficits is federal government spending, which tipped the scales at $6.1 trillion last year. Government receipts, meanwhile, were $4.4 trillion, woefully short of the $5 trillion previously forecasted. A slowing economy and counterproductive tax increases were key drivers behind the $457 billion drop in receipts from the prior fiscal year.     Source:  FOX Business

THINK about that for a minute or two, if you will?

1. We are spending more than we take in
2. Biden wants to pay off student loans - more debt
3. Our economy has slowed because we are moving towards green energy
4. Ukraine was US military supplies - more debt
5. Israel wants US military supplies - more debt
6. Taiwan may want US military supplies if China invades - more debt
7. AI is replacing jobs - less revenue from taxes
8. BRICS is challenging the global use of the US dollar
9. China wants to the global leader, replacing the USA
10. Our infrastructure (roads, bridges, tunnels) needs refurbishing - more government spending

General Motors is warning other automobile manufacturers not to invest so much money into EV production because Americans are buying EVs as was originally forecasted...

What about all the extra costs associated with taking care of all the ILLEGAL IMMIGRANTS?

• Housing
• Food
• Clothes
• Healthcare
• Education

How can a Spanish child learn anything in school if they don't speak English?

They will need to speak English first.

More teachers - More money

SPENDING MORE MONEY THAN IS TAKEN IN...  IS THE MAIN REASON WHY COUNTRIES THAT ADOPT SOCIALISM GO BANKRUPT...

Not much to think about here...