NATIONAL DEBT IS $ 40 TRILLION
By: Derek Varsalona
The national debt is now 40 trillion dollars, according to economic estimates. Do not look for that to be paid down any time soon. Both sides of the government- Democrats and Republicans- love to increase their spending. Republicans on endless wars and Democrats on endless social programs that must be reformed.
The national debt is a staggering $40 trillion. Something needs to be done to make the programs solvent. The programs that are the biggest liability are Social Security and Medicare. The way to cure that is the fact that we need to raise the retirement age to 70 in order to keep these programs afloat. The fact is, when these programs were made,e they did not expect people to be living that long. FDR was the one who ushered in the era of big government, with many social programs after the Great Depression.
Social Security and Medicare are the biggest drivers of the national debt. There is no way to solve this national debt crisis. We are too far gone down the rabbit hole to cure it. The way to save money is to enact Medicare for All to save money over time. But if Medicare for All is truly for all, then the President of the United States and Congress, along with all government officials, must go on it. As for saving Social Security, which is a socialized pension that people pay into, you need to stop giving it to illegal immigrants and raise the retirement age to 70. As always, comments accepted.
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| Image: National Debt is a huge American Burden Image: Shi Yu China Daily Global.ChinaDaily.CN June 2, 2023 |
Source: Fatima Hussein. " US National Debt Stands at $40 Trillion." Associated Press. Washington, DC: Thursday, August 20, 2026. https://abc7ny.com/story/us-national-debt-now-stands-40-trillion/19707192/
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