A nonprofit has launched a new billboard campaign in New York City’s Times Square warning the American public about the "ticking time bomb of $34 trillion government debt." The Committee to Unleash Prosperity says the ad campaign on the 50-foot-high billboard will run for three months, "dramatizing the threat posed to the American people" by "reckless" spending in Washington, D.C.
" "The Committee’s mission is not partisan and not political," the website adds. "Our mission simply is to identify those policies best suited to unleashing prosperity and to educate policy makers on the best practices to achieve equitable prosperity." At the start of this year, the U.S. national debt topped $34 trillion for the first time. SEE WHAT AMERICAN TAXPAYERS OWE IN REAL TIME By comparison, four decades ago the national debt hovered around $907 billion.