Because of longtime presidential and congressional financial irresponsibility, our national debt is about $13.6 trillion.
But there now is a report of what – relatively – is supposed to be “good news.”
What is it? The red ink for the U.S. budget that ended Sept. 30 was “just a little under” $1.3 trillion.
Why is that “good news”?
It’s because the deficit was a little less than the $1.42 trillion deficit for the 2009 fiscal year.
How much more of that kind of economic “good news” can we stand?
Congress doesn’t even pretend that it is going to have any balanced budgets in the foreseeable future. We keep adding to the national debt, on which we already are having to pay interest of about $375 billion a year.
The president and Congress keep approving more spending than even too-high taxes bring in, making the debt worse.
Some say these bad tax-and-spend figures will have bad effects on congressional incumbents up for re-election in November. Will we elect members of Congress who will be more responsible?