Don’t Be Fooled, Biden Still Doesn’t Care About the Border
DOJ Makes Announcement Regarding Two Navy SEALs Who Died Intercepting Iranian Weapons
Day 1 of CPAC Was Amazing
High Altitude Balloon With Unknown 'Origin and Purpose' Spotted Over Colorado
Netanyahu's Plan for the 'Day After Hamas'
Another Automaker Hits the Brakes on Electric Vehicles
Biden's Not Just Using His Cheat Sheets at Press Conferences
NYT Has Bad News for Biden's Economic Claims
Newsom Blames Republicans After Border Patrol Releases Hundreds of Illegal Aliens In San...
Nikki Haley Says America Will Have a ‘Female President’ in 2024, Either Her...
Here’s Why a Transgender Activist Was Arrested at a March for Life Event
Why the Democrats and Media Continue to Ignore Tony Bobulinski and His Evidence...
There’s More Illegal Immigrants From China Than Mexico at This Part of the...
Democrat Lawmakers in Blue State Introduce Reparations Package
Here's Why the Haley Campaign Is Pretty Excited About This New National Poll
Tipsheet

Putting Numbers in Perspective

When we start talking about millions, billions, and even trillions of dollars, it's difficult to comprehend what these numbers actually mean. Congressman Jo Bonner has put together this great graphic to get you thinking in simpler terms about how much money your government is really spending.
Advertisement



Photobucket


Our nation's debt, which is the money owed by our government, currently sits at the highest it's been in our nation's history, at $11.7 trillion. Couple that with our rising deficit which has well exceeded $1 trillion (another record) and is on its way to $2 trillion fast, and our debt becomes a far less attractive purchase to other nations.  That could force the U.S. to pay higher interest rates in order to sell our debt abroad.   We will soon be confronted with the growing threat of higher interest rates, rising inflation, and a weakened dollar – all dismal economic scenarios.

I’ve said all along, every responsible American family knows that you pay back your loans before you take out new ones.  Unfortunately, Washington needs to be reminded.  It’s long past time for Congress to stop talking about tough decisions and start making them.   

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement