Quote:
Our national debt is $32,604,452,931,788.00.
We have added $12.25 TRILLION Value of debt in just the last six years.
To put it in perspective, our combined additional debt in six years is larger than the 2022 GDP of all countries in the world except the United States and China. Our national debt is almost twice the size of the GDP of all the countries in the European Union combined.
The U.S. economy is a goliath. Our economic output alone constitutes about a quarter of the global economy. Our problem is the failure of our political leadership to rein in spending.
We have been taking in record amounts of federal revenue every single year. We are just spending at historic levels… every single year.
You can’t read the news without finding another government giveaway, another entitlement program added by this administration to the burgeoning debt load we already have.
Read it all here:
https://michaelramirez.substack.com/p/michael-ramirez-essay-the-fiscal