America’s national debt is heading to 175% of GDP.
Here’s why no president—including Trump—has the will to stop it.
Washington, DC
“[Budgets from] the last three administrations are “fiscal folly … tax policy has become shambolic and spending discipline is non-existent. The numbers make clear that no relief is in sight. A significant chunk of today’s government expenditures are financed by putting future generations in bondage and saddling them with the costs. This is irresponsible, inequitable, and immoral. Fiscal deficits are nothing more than deferred taxes that will be paid by those who aren’t even voting today, as well as many who are yet to be born. It’s time to put an end to the fiscal folly by amending the U.S. Constitution to include a fiscal responsibility requirement.”