A Republican-run Congress suddenly forgot what they ranted about during the Obama years concerning the national debt and increasing budget deficits. Now, all those budget hawks and fiscal conservatives willingly saddle future generations with trillions of dollars in debt to pay for tax cuts and a beefed up military. Congress is in charge of spending but President Trump on Monday unveiled a budget proposals that would lead to an additional $7 trillion deficit over a ten-year period.
As of today, the national debt stands at $20.63 trillion.
On Tuesday, the director of National Intelligence Dan Coats not only warned of global and cyber threats from North Korea, Russia, Iran or China, but also considered the rising federal spending as the biggest internal threat to the US national security.
He was not alone in his assessment. Defense secretary James Mattis, former secretaries of state Madeline Albright and Henry Kissinger as well as former defense secretaries Bob Gates and Leon Panetta agreed.
Trump’s button may be bigger than Kim Jong-un’s, but what will prove more lethal is an exploding debt that can’t be reined in. —D.H.—