posted on Jun, 26 2018 @ 05:02 PM
CBO projects grim budget outlook under
Payments the U.S. government makes to China and others holding U.S. debt would surpass projected Social Security spending in 2048, the report
found. Interest payments will also exceed discretionary spending, the amount that Congress approves for defense and nondefense spending each year,
which is projected to hit 5.4 percent of gross domestic (GDP) product by 2048.
I'm not here to discuss whether or not this is Trump's fault or whatever other stupid garbage people want to argue over.
I just wanna know if my kids will have a country to call home in 40 years.
They talk about the GOP tax cuts and other measures that I view, personally, as a good thing. However, they can't and won't be a good thing forever
if spending isn't curbed in a significant way, and right now the ball is in the court of Donald Trump and the republicans. I say this because it's
not like this information is hidden or a secret or buried in millions of lines of text. It's right there in black and white, yet I've heard nothing
from Congress or this Administration about how we intend to reduce our debt to manageable levels.
Currently we are seeing a fantastic economy with plenty of jobs and pay is inching higher. How long will that last? What are our priorities. We have a
lot of issues in this country and all of them call for the spending of much more money than we have to make it possible.
The President campaigned on a wall...Where's that money coming from? Don't say Mexico either because that was just an asinine thing to say. He also
campaigned on modernized infrastructure, to include airports and railways, but I have not yet heard where that money is coming from either. Same with
the military. I'm all for increasing pay for soldiers and the acquisition of newer, better equipment, but what are we cutting to achieve this?
Even if we pulled out of South Korea and Japan, that only represents a paltry $12 billion between the two per year without adding the cost sharing
This isn't something that can be kicked down the road to the next administration. Mr. President we voted for you to get things done, and while I have
been pleased to see that things are getting done and we are benefiting from tax cuts and reductions in onerous regulations, when are we gonna attack
the 800lbs gorilla in the room? The US National Debt will eventually crush us. It's time to address how we're gonna get out from under it.