With our $12.1 trillion national debt out of control, the U.S. Senate voted this week to raise the “debt limit” (that obviously doesn’t “limit” debt) to $14.3 trillion!
We will have to pay taxes for interest on the debt.
“National debt” may not seem very “personal.” But we, the taxpayers, are obligated for it. What will be our “personal share” of a $14.3 trillion national debt?
It will be an obligation of more than $45,000 for every man, woman and child in the United States!
Some used to say that “we only owe it to ourselves.” That’s not right. How do you like owing nearly $800 billion to Communist China, and billions to more than 30 other foreign countries?