Source: Fox News
by Ted Jenkin
“Let’s not sugarcoat this: the national debt is out of control. We all know it, but nobody wants to budget on how to really fix it. We’re staring down the barrel of almost $37 trillion dollars in debt and an annual deficit projected to be north of $2 trillion dollars a year. Interest payments alone are projected to exceed $1 trillion a year, more than we spend on the defense budget right now. And that means one thing: the American house is on fire, and we can’t keep pretending it’s just a warm fireplace. As a proud fiscally responsible money guy for the past thirty years, I believe in free markets, personal responsibility, and limited government. But I also believe in arithmetic, and the math is telling us something must give.” (05/08/25)