John Stossel Shares MAJOR Wake Up Call On How Much Of America's $35 Trillion Debt YOU Would Pay

Posted • June 20, 2024: Spend, spend, spend. Tax the rich. Spend, spend, spend. That's the pattern -- for years. Democrat and Republican have a spending problem, and it's going to come back and bite us on the butt. Hard. John Stossel @JohnStossel: “America is now almost $35 trillion in debt. That means every American owes $100,000. The Biden administration doesn’t care. They want to spend more.” We owe $100,000 as of today. That'll keep going up. It means this writer owes almost two years of her salary to the national debt. So far.

Stossel writes: America is now almost $35 trillion in debt. That means every American owes $100,000. The Biden administration doesn’t care. They want to spend more. Already they are spending so much that they’re increasing our debt by a trillion dollars every 100 days. President Donald Trump was no better. His administration increased our debt by almost $8 trillion. This will not end well. Last year, we hit a new ugly milestone: Americans must pay $1 trillion per year just for interest on our debt. That’s more than we spend on defense — on infrastructure, education, poverty programs … everything, but Social Security and Medicare. If we didn’t waste these trillion dollars on interest, we could give $3,000 tax cuts to every man, woman and child to use as they please. Worse, America’s spending growth is unsustainable. You can stretch a rubber band farther and farther, but eventually, it will break.

And when it breaks, gird your loins. Spend until collapse, rebuild as a globalist command economy. That's the plan. (…)

• More at: Twitchy - This Is Fine: John Stossel Shares MAJOR Wake Up Call on How Much of America's $35 Trillion Debt YOU'D Pay
https://twitchy.com/amy-curtis/2024/06/19/american-debt-john-stossel-n2397415
Stossel TV: You Owe $100,000!
https://www.johnstossel.com/you-owe-100000-americas-debt-crisis/