That’s more than we spend on defense — on infrastructure, education, poverty programs … everything, but Social Security and Medicare.
Worse, America’s spending growth is unsustainable. You can stretch a rubber band farther and farther, but eventually, it will break., the ratings agency Fitch was criticized for downgrading U.S. government debt. But a few months later, Moody’s Investor Service lowered its outlook from “stable” to “negative,” saying America’s “fiscal deficits will remain very large, significantly weakening debt affordability.
Today, silly people like Biden and Sen. Elizabeth Warren say we can “fix” our deficit by taxing the rich. First, many wouldn’t pay. They’d move abroad or invest abroad or spend even more on tax lawyers to slime around the rules.More than 14,000 California high school graduates can’t work: This is a tragic waste of talent