New Rockford Transcript - Official Newspaper of Eddy County since 1883

Our national debt is out of control, but nobody seems to care


June 24, 2019

Breaking news: Federal spending is out of control.

I'm kidding, of course. Spending, deficits and debt have been out of control for years. It's just that last week we broke yet another record.

For the first time in our nation's history, federal spending topped $3 trillion in a fiscal year's first eight months, according to last week's Monthly Treasury Statement.

How much is $3 trillion? According to Kiplinger, $3 trillion would pay the salaries of every member of the U.S. Congress for the next 32,336 years.

Of course the issue isn't just what the U.S. government spends. It's what the gover...

For access to this article please sign in or subscribe.


Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2019

Rendered 08/14/2019 01:44