Check it out! Twenty-three trillion! As in dollars, man!
What does it represent? The national debt.
It crossed yet another milestone. The national debt keeps growing, despite bold — and arguably reckless — predictions that the president of the United States all by himself was going to eliminate the annual budget deficit by the end of his second term.
It, too, keeps growing, adding to the debt that those in Donald Trump’s Republican Party used to warn would bankrupt the country.
Has it bankrupted the United States of America? I don’t think it has, although the debt does pose a serious potential threat.
I guess my concern is that Donald Trump’s penchant for braggadocio persuade enough Americans to vote for him in 2016. He made that bold promise. He called himself “the king of debt,” whatever that was supposed to mean. Trump also pledged to balance the budget.
The current fiscal year deficit is growing at a breakneck pace, owing to the tax cuts enacted for the richest Americans along with still-uncontrolled federal spending.
I recall vividly the mantra repeated throughout the 2012 presidential campaign that the national debt, which totaled about $16 trillion, was the deal-breaker among Republicans. GOP nominee Mitt Romney said President Obama must not be re-elected because the national debt was just unsustainable. The message didn’t sell, as Obama was re-elected with a handsome margin — although it was diminished from the margin that Obama rolled up in 2008.
The debt has piled on another $7 trillion since 2012. It is still growing. What is Donald Trump going to promise to do about it to ensure his re-election in 2020?
I’m all ears.