Out-of-control debt at the federal level is a moral issue. We are saddling our kids and grandkids with huge debts that will only be paid for with huge tax increases.
The national debt is currently $31 trillion. That’s almost $93,000 for every man, woman, and child in America. And it’s even more – about $245,000 – for every U.S. taxpayer.
Just the interest on the national debt costs taxpayers more than $445 billion per year. That’s half a trillion dollars every year, just on interest.
Where is Senator Michael Bennet on spending and the debt? All talk. He first ran for Senate talking about fiscal responsibility, but his record shows just the opposite.
In fact, Senator Bennet just voted to spend $80 billion to hire additional IRS agents to shake down taxpayers. Tens of billions, at least, of the projected revenue from IRS harassment will come from those making less than $400,000 per year, according to the nonpartisan Congressional Budget Office.
Let’s call this what it is: a massive tax increase on working Americans.
I will not be a blank check in Washington like Senator Bennet. I will not support increasing the debt ceiling without a long-term plan to lower the debt.
Washington needs to look at borrowing money the same way a business does and the same way a family does. We can’t say yes to everything. We have to prioritize and only borrow when we know how we’re going to pay it back. Otherwise we’re just raising taxes and leaving our kids to solve the problem down the road.
Original source can be found here.
