Our National Debt Is Our National Disgrace

In mid-February, our national debt reached $22 trillion, a new record for our country. Since President Trump took office in January of 2017, our debt has increased over $2 trillion. During the administration of President Obama, it increased from $10.6 trillion to $19.9 trillion. Thus, the national debt has more than doubled in 10 years and it is still increasing nearly $1 trillion per year.

According to the Congressional Budget Office, the national debt for this fiscal year will be $897 billion and will top $1 trillion again in 2022. At that point, their forecast calls for the national debt to exceed $1 trillion annually for another seven years as the costs for Medicare and Social Security skyrocket with more Americans from the massive Baby Boomer generation retiring.

This ongoing problem has been caused by both Democrats and Republicans. For the first two years of the Trump administration, Republicans controlled both houses of Congress, yet the debt still grew by over $1 trillion per year. Thus, the national debt has increased no matter which party controls Congress and the White House.

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