I have watched in my lifetime the national debt increase. I am not going to cast all the blame on one political party, as both parties are complicit in the matter. Each president since Ronald Reagan has been signing into law spending bills that could not be covered by incoming revenue.
Now as many know, debt carries with it interest. If interest rates are low, then debt is easier to carry. But when interest rates rise, even a small amount of debt can become quite burdensome on one's budget. So now after 30+ years of borrowing money to fund the federal budget, the U.S.A. finds itself in debt to the tune of 16 trillion dollars. If interest rates climb, there won't be enough incoming revenue (taxes) to cover the interest on the debt.
There isn't any other topic more important than this one to be discussed by presidential candidates. How much have you heard discussed concerning this topic during the campaign?
But maybe if the U.S. government was not involved in housing, feeding, educating, insuring, and providing medical care for its citizens, there would not be a debt problem. So which candidate wishes to address the real issue. That is, How can we get this nation back to following the constitution and return to operating within our financial means?
If they don't, it won't matter what their position on the middle east, abortion, obamacare, equality in the workforce, or what they are going to do to "create more jobs". (Just to help out the ignorant, presidents don't create jobs. Businesses do. Or better said, working people do.)
Something to consider as you prepare to vote this November.
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