While President Trump and others usually focus on how economic growth can help reduce the debt, which is true, the relationship works the other way as well. Getting the debt under control can help grow the economy and improve the standard of living for all Americans.
Congress is finally moving on a federal budget, but lawmakers need your help to show them how to do it right.
The tax debate is moving forward in Washington, but lawmakers may be going in the wrong direction when it comes to the national debt. Anyone who laments the gross debt surpassing $20 trillion cannot support tax cuts that explode the debt in their next breath.
The United States just hit a sad milestone as the gross national debt exceeded $20 trillion. Although that isn’t the best measure of the nation’s debt burden, it is serving a useful purpose by drawing attention to the fact that the debt is at record levels and growing unsustainably.
It’s back-to-school time for families across the country and Congress is back to work on several issues that could affect the country’s bottom line for a very long time. So, this is a good time to take a crash course on the federal budget and national debt.
National Debt and You