If you’re up for it, read this: https://www.reaganlibrary.gov/archives/speech/address-nation-federal-budget-and-deficit-reduction
If you’re not… thefundamentals will make it simple – here goes:
April 24, 1985
My fellow Americans:
I must speak to you tonight about a serious problem that demands your immediate attention. I need your help.
Today the United States Senate began a rendezvous with history. The threads of our past, present, and future as a nation will soon converge on the single overriding question before that body: Can we at last, after decades of drift, neglect, and excess, put our fiscal house in order? Can we assure a strong and prosperous future for ourselves, our children, and their children by adopting a plan that will compel the Federal Government to end the dangerous addiction to deficit spending and finally live within its means?
Today our national debt amounts to nearly $8,000 for every man, woman, and child in America, and it's increasing by about $1,000 per person each and every year. Just to cover the interest on that debt, the Federal Government will spend $155 billion this year alone. That's more than its entire budget as recently as 1966.
If you’re still with me… here’s the situation today – now:
WHAT IS THE NATIONAL DEBT TODAY?
$35,311,476,720,850
That's
$104,814
Source: https://www.pgpf.org/
Oh, one more thing thefundamentals calls a FACT:
U.S. Government Spends Over $1 Trillion on Interest Payments in 2024 Amid Surging National Debt source: https://www.cryptoglobe.com/
Oh, one more thing… it’s actually a Q… Question… which of the two nincomPOOPs seeking our vote have mentioned this DEBT mess… or what it does to a free and irresponsible democracy-based-materialism society… HUH?
-30-
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