National debt disappears as 2020 campaign issue – but it keeps growing
Remember the Tea Party revolution? “Taxed enough already!,” they shouted, in hopes of forcing Washington to address runaway spending.
Remember the Tea Party revolution? “Taxed enough already!,” they shouted, in hopes of forcing Washington to address runaway spending.
Well, guess what? Nearly a decade later, no major presidential candidates from either party seem interested in a national debt that now stands at more than $23 trillion, leaving every American citizen on the hook for almost $70,000.
Meanwhile, the federal deficit — or the annual budget shortfall — is more than $1 trillion.
Democrats generally blame the Trump tax cuts for the rising budget deficit. But both parties have gone along with more spending.
Just last week, Congress passed and Trump signed a $1.4 trillion budget package that boosts spending levels and is expected to add hundreds of billions to the debt over the next decade. In July, the Democratic House and Republican Senate passed, and Trump signed, a budget to temporarily suspend the debt ceiling and hike federal spending by $300 million.
But Jenny Beth Martin, founder of the Tea Party Patriots, remains hopeful that Trump has the American taxpayers’ backs in the long term.
“What President Trump has done in his first term is reform government and cut regulation,” she said. “He has begun to reduce the size and scope of government and his policies are also growing the economy. The only way to get a balanced budget is to cut spending and grow the economy.” Click here for more.
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