While America’s attention has been focused on the presidential election, one of the greatest challenges facing the nation has continued to worsen.
On Friday, the gross federal debt hit $35 trillion. For perspective, that amounts to about $267,000 for every household in the country.
Unfortunately, not only has the debt soared to such an incredibly large number, but it will continue to climb by trillions of dollars per year unless officials in Washington finally take their jobs seriously.
Decades of short-term thinking and political opportunism from both parties has caused the federal budget to go completely out of whack.
During fiscal year 2023, ending Sept. 30, 2023, the federal government raked in more than $4.4 trillion in revenue—or more than $13,500 for every man, woman, and child in the country. That was more than enough to fund core governmental…
