Talking about the national debt is not the most comfortable subject. Conservative and Clickservative media doesn’t want to talk about the debt as much because a Republican is in office. But uncomfortable truths about the most expensive threat to our Nation’s livelihood and security is something we need to be more informed on. Currently the National Debt exceeds $22.5 Trillion, as reported by US Debt Clock.
This is with a 77% increase in tax revenue since 2000. The Federal government can only raise taxes so high before the Laffer Curve takes effect and revenues go down. If the goal is optimizing revenue for the government the debate centers on what is the most optimal point of taxation.
Republicans have long argued that the United States can grow itself out of debt, because the augmenting economy would boost revenues while Democrats have argued that increasing taxes on the wealthy is the correct course of action. Neither party has any ambitions to cut spending as the Democrats running for President are promising new entitlements and bailouts and Republican leaders, like Mitch McConnell and Kevin McCarthy, are championing a budget deal that increases spending and suspends the debt ceiling.
$22.5 Trillion continues to be no laughing matter, and Conservatives need to raise the alarm bells, in hopes of dissuading Trump from signing this budget deal. Conservatives also need to vet incumbents for their financial voting records. Odds are, if they are not in the House Freedom Caucus, they probably overspend. Even if they are in said Caucus, there’s a sizable chance they overspend. At NOQ Report, we will be covering primary races making known candidates running against the RINOs in the House and Senate. Stay tuned for more.
We are currently forming the American Conservative Movement. If you are interested in learning more, we will be sending out information in a few weeks.
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