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Let's Cut Some Spending: National debt expected to DOUBLE over next decade

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In our Let's Cut Some Spending series, ForAmerica chronicles the many ways Washington wastes YOUR tax dollars - and as you’ll see, the list is endless.

Today’s offering: The national debt is expected to DOUBLE over next decade.

Citizens Against Government Waste reports:

The increase in debt did not happen overnight, but it was exacerbated when Congress enacted a series of massive trillion-dollar-plus spending bills to provide “relief” during and after the COVID-19 pandemic. While this spending did provide some critical relief, it also brought on inflation and forced the government into even more debt. According to the Congressional Budget Office (CBO), government debt held by the public is expected to nearly double over the next decade, rising from $24.3 trillion at the end of 2022 to a whopping $46.4 trillion at the end of 2033. The total debt at the end of 2033 would be 118 percent of the country’s Gross Domestic Product (GDP), which is 21 percent higher than it was at the end of 2022.

When the Tea Party movement started over a decade ago to call out big government spending, the national debt was about $12 trillion.

Today it is close to $34 trillion.

That's about 3 TIMES the amount it was in 2009.

If anything, predicting the national debt will double in the next ten years is probably underestimating. It's giving politicians too much credit. They don't understand the concept of or remotely care about fiscal restraint.

The desperate need to cut spending has never been more imperative in American history than it is right now.

The Washington status quo will not hold.


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