American Debt Keeps Growing

In case you haven’t been watching, America’s debt is now over $ 17 1/2 TRILLION dollars.

And growing fast!

Still, $17 1/2 Trillion is a small number, when you look at some of the “unfunded liabilities”, which total over $123 Trillion dollars.

Social Security unfunded liability…  $ 15 trillion dollars

Medicare unfunded liability … $ 79 trillion dollars

Prescription drug unfunded liability … $20 trillion dollars

National health care unfunded liability … $9 trillion dollars

Isn’t it time for Congress to STOP increasing the size of government and STOP spending increases?  Congress continues to expand the intrusive reach of government, spend more money and  create more debt for future generations.

Wouldn’t a better plan be to CAP spending, CUT taxes and REDUCE the size and scope of the Federal government?

 

***Gordon Howie is an author, host of Liberty Today TV and CEO of Life and Liberty Media***

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