Economics/Class Relations

Out-of-Control Spending and Debt Means More Tyranny

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FRIDAY, AUGUST 2, 2024
The first step in having any successful war is getting people to fight it.

– Fran Lebowitz
Social Studies [1981]

HORNBERGER’S BLOG
August 1, 2024
Out-of-Control Spending and Debt Means More Tyranny
The federal government’s debt load just passed $35 trillion. According to usdebtclock.org, that amounts to $267,000 per taxpayer. It’s worth mentioning that that federal debt load does not include Social Security and Medicare obligations or the obligations arising from other “unfunded liabilities.” This fiscal situation is not getting any better. That’s because the federal government is spending more than it’s bringing in …
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Categories: Economics/Class Relations

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