The national debt has grown to almost $35 trillion under the Biden administration. Already they are spending so much that they're increasing our debt by a trillion dollars every 100 days.
Last year, we hit a new ugly milestone: Americans must pay $1 trillion per year just for interest on our debt. If we didn't waste these trillion dollars on interest, we could give $3,000 tax cuts to every man, woman, and child to use as they please.
America's spending growth is unsustainable. You can stretch a rubber band farther and farther, but eventually, it will break.
President Bill Clinton said, 'We've got to deal with this big long-term debt problem, or it will deal with us.' President Barack Obama said not dealing with it is 'irresponsible.' Trump said, 'We've got to get rid of the $19 trillion in debt.' But not one of them did anything about it. Now they lie about it.
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