MY TURN: Idaho senators need to be fiscal hawks
If you check Senator Crapo's website, he runs a ticker-tape style of National Debt at the top of his website. Today, his numbers show $37.9 trillion in debt. Our current U.S. debt ceiling cap is $40 trillion. Bondholders carrying $5 trillion of U.S. Bonds include Japan, Canada, Belgium and Ireland. To exceed that cap, it goes back to the Hill to be expanded — a cliff we should not allow.
A stock-market redline selloff of bonds should scare every bank and investor. Every American citizen has $120,000 USD in debt on their shoulders; taxpayers have $287,000, as we have compounded debt for the past 46 years since 1980 at $4,000/person. Watching stock market jitters today is a BIG RED FLAG. We are in a fiscal firestorm.
Become a Subscriber!
You have read all of your free articles this month. Select a plan below to start your subscription today.
Already a subscriber? Login
