$ 18 Trillion And Growing

In case you have forgotten…

debt

The national debt continues to grow.

The US National debt is now well over $18 Trillion dollars.  Total unfunded liabilities are nearly $100 Trillion dollars.

Still, with the October 1 deadline fast approaching, Congress will no doubt approve a continuing resolution, raising the debt ceiling.

Maybe it’s just me, but there doesn’t seem to be much conversation on the campaign trail about our national debt.  If the Federal Reserve had raised interest the quarter of a percent that was expected, it would have added another burden of millions of dollars to the already growing debt.

Sooner or later the Federal Reserve WILL raise interest.

Sooner or later the Congress will have to reckon with government overspending.  I think the dollar is in serious trouble, the Congress will raise taxes, the Federal Reserve will continue to create new money out of thin air and government will continue to increase spending.

How secure does that make you feel?

Shouldn’t this be a significant part of the campaign discussion?

***Gordon Howie is an author and CEO of Life and Liberty Media***

Gordon “It’s not about right or left, it’s about Right or Wrong.”

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