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Kevin McCarthy Is Really Bad At This
Kevin McCarthy's ridiculous fearmongering over the nation's debt is convincing absolutely zero people.
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The argument that the problem in this country is because I guess the balloon just blew over as it were. The biggest danger facing America is the increasing debt and deficit. What he will not tell you is that the deficit was cut by like 1.5 trillion dollars over the past year. Which is again if you were worried about these things that's the direction you'd want it to go. A big part of that was also increased revenues that were unanticipated because the economy has been so gangbusters. But here he is trying to sound reasonable about this. But again what are you going to cut? And like many of you, I worry about a future that feels less secure than it should. A lot has changed in recent years. our Southern border was once secure. Now the number of illegal immigrants who cross our border in just two years easily exceeds the population of 25 States. Americans are getting hammered by high prices. Today nearly two-thirds of all Americans are living paycheck to paycheck struggling to make ends meet. Meanwhile, China is infiltrating our culture, our farmland, and our skies because they see us as weak. This is not sustainable. But of all the dangers we face, the greatest threat to our future is our national debt. You deserve the truth so let's start with the facts our national debt is high. Too high. And the problem is getting worse, not better. We are now 31 trillion dollars in debt. That is more than the size of the entire American economy. 20 percent more. Our debt is now a greater burden than it has been at any time since World War II. If we continue down this path in the next 10 years we will spend over eight trillion dollars just on interest. That's more than the entire federal budget this year by a lot. That is neither affordable nor sustainable. When debt is too high, inflation is the result. That is where we are today. inflation has exploded. mortgage rates have doubled. working Americans after inflation and taxes have gotten a pay cut.
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