Government spending is causing mass inflation…
It’s making the cost of everything go up…
It spikes the most immoral tax of all—Inflation.
Yet the politicians in Washington keep on spending and printing money…
Despite record-high tax revenue, the federal government just posted a staggering $1.8 trillion budget deficit for the fiscal year ending on September 30th.
Why?
Because Washington continues its reckless spending spree, and the rapid growth of interest payments on our bloated $35.6 trillion national debt is spiraling out of control.
The Congressional Budget Office’s (CBO) latest report reveals one small silver lining: the deficit didn’t increase as sharply as it could have. Still, it rose by $139 billion compared to last year. And this, even as federal tax collections soared by 11%—from $4.4 trillion to $4.9 trillion.
This should raise a red flag for every taxpayer. The problem isn’t that Americans aren’t paying enough taxes; it’s that the federal government is addicted to spending. We have a spending problem, not a revenue problem. Last year alone, Washington spent an eye-popping $6.75 trillion.
But here’s the real kicker: it’s not just spending that’s out of control. Our borrowing is driving the problem into dangerous territory. While overall spending jumped 10% from the previous year, interest payments on the national debt exploded by a shocking 34%—from $710 billion to $950 billion.
That’s due in large part to the size of the debt itself, now almost equal to the nation’s entire economic output, as well as rising interest rates.
The situation is only set to get worse. The CBO projects that by 2034, the federal government will spend over $1.6 trillion just to cover interest on the debt—money that should be going toward real priorities like defense, infrastructure, and essential services. Instead, it’s being wasted on paying for past overspending.
What does this mean for America?
Higher debt leads to slower economic growth and forces the government to make tough choices about spending what’s left after interest payments. But you wouldn’t know any of this from listening to the current presidential candidates.
Kamala Harris is not taking the national debt issue seriously. In fact, she is proposing plans that would only add to the fiscal disaster.
Harris’ tax-and-spend agenda could add another $2 trillion in deficits, driven by her plans for more government intervention and policies that would stifle economic growth.
Americans are already paying more than ever to fund Washington’s endless appetite for spending. And yet, it’s never enough.
If we don’t address this soon, the burden of this irresponsible fiscal policy will fall squarely on the shoulders of future generations. It’s time for real solutions—before it’s too late.
The federal government’s out-of-control spending and skyrocketing debt are a ticking time bomb for America’s future.
And unless we cut the overspending, expect higher prices ahead.
Let me know what you think. Email me at [email protected].
Action Steps:
1) Pray for our country.
2) Volunteer, donate (money/time), and vote to replace these radicals in Congress, the Senate, and the Presidency.
3) Order my new book, The Great Deception: 10 Shocking Dangers and the Blueprint for Rescuing the American Dream
Chapter 3: Danger #2: The Growing Economic Crisis: 7 Misunderstood Problems That Are Crippling Our Economy delves into the heart of the economic storm that threatens the very foundation of the American Dream.
Chapter 3 exposes the seven misunderstood problems crippling our economy, a searing exploration of the perilous path we tread due to economic mismanagement by radical ideological socialist politicians and bureaucrats.
Unchecked government spending is pushing the nation to the brink of economic collapse. The looming specter of inflation, deficits, and soaring debt threatens to shatter the stability we once took for granted. The radical socialists, in their pursuit of misguided policies, are inadvertently devaluing the very currency that forms the backbone of our economic strength.
The Great Deception: 10 Shocking Dangers and the Blueprint for Rescuing the American Dream exposes lies, myths, and distortions from the media and politicians.
It gives you answers and solutions to turning America around…
It allows you to share these dangers and a solution to cutting through the deception with friends and family.
It exposes under-the-radar and little-known behind-the-scenes reasons America is falling backward and how to make it move again.
“Click here to get The Great Deception – Craig Huey.
You can order the book on Amazon HERE.
You can also get the audiobook version HERE.
You can also get an autographed edition online HERE or by phone at 615-814-6633 (M-F 10 am to 3 pm).”
You can also send a check for $26.13 (including shipping) payable to Media Specialists and send it to this address:
Media Specialists
1313 4th Ave N
Nashville, TN 37208