The national debt is nearing an astonishing $30 trillion. The perception is our president Joe Biden would be ready to take a tough and hard-nosed look at our spending and thus find ways to reduce it. However, instead, in the just over 100 days that Joe Biden has been president, he wants to propose more than $6 trillion in new spending. Spend, spend should be his new mantra!
National Debt Needs to be Addressed
A more pressing question is Joe Biden willing to address a basic question many Americans keep asking: ‘How do you plan to pay for all of this Joe?’
Moreover, it’s been said that Biden can’t tax his way out of his huge spending problem. However, that won’t stop them from trying. Therefore, his proposed tax increases could, in fact, be due more to wreck our economy than pay this tab. In fact, something must change, it’s clear.
National Debt: Federal Government Grants
Tough choices are facing across the nation every time fiscally conservative state and local leaders accept money from the federal government in the form of grants. Should they accept grant money their state does not necessarily need or want. For example, like ObamaCare’s Medicaid expansion or extra unemployment benefits that pay people more to stay home than to work?
Moreover, should they reject the money? Thus see it go to the more liberal governors who are seeing as more than happy to take American tax dollars to pay for their states’ excesses?
Pocket the Allocations
Traditionally, if a red state takes what is calling the responsible route, like Wyoming’s recent rejection of extra unemployment benefits, a blue state – like Massachusetts, New York, or California – can, therefore, will pocket the allocations.
National Debt and Reckless Spending
The national debt impacts reckless Washington spending on their families. This includes rising costs of everyday goods. Moreover, every American should be concerned. A Gallup found that 78 percent of respondents of March of this year. They have some personal worry about the national debt and federal deficit. Moreover, 87 percent of Americans are concerned about the rising costs of household items, such as diapers, gas, and groceries.