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America’s $36 Trillion Debt Crisis: Who Will Pay the Price?

The U.S. national debt has ballooned to a staggering $36 trillion, with every American household effectively owing over $273,000. This debt now exceeds 124% of America’s entire economic output, higher than during World War II or the 2008 financial crisis. Washington’s addiction to reckless spending has put hardworking families on the hook for politicians’ failure to live within their means.

Historically, America managed debt around 30-50% of GDP, but unchecked entitlements and pork-barrel spending jacked it up to dangerous levels. The debt-to-GDP ratio first crossed 100% under Obama-era policies and kept climbing despite a strong economy under Trump. Now Biden’s radical spending sprees have turbocharged the crisis, with debt growing $4.5 billion daily.

The real danger comes from interest payments, which now eat up over $1 trillion annually – more than defense spending. These payments could double in a decade as rates rise, forcing taxpayers to fund bondholders instead of schools or roads. Every dollar wasted on interest is a dollar stolen from our children’s future.

Runaway debt threatens to crash the dollar’s value and trigger inflation nightmares like the 1970s. Foreign investors already dump U.S. bonds, fearing America can’t control its habit. If China and others stop buying our debt, interest rates will skyrocket, crushing small businesses and homebuyers.

Liberal politicians pretend this crisis doesn’t exist while pushing green boondoggles and welfare for illegal immigrants. Their answer is always higher taxes – a socialist trap that would kill jobs and innovation. Real leaders would slash bureaucratic waste, not punish productive citizens.

The solution is clear: freeze non-defense spending, reform entitlement programs drowning in fraud, and unleash American energy production to grow the economy. Trump proved tax cuts and deregulation can boost revenues without soaking the middle class. But first, we need leaders with the spine to say “no” to leftist handouts.

Patriots didn’t fight for this country to see it collapse under Marxist debt schemes. Every dollar borrowed today is a betrayal of our founding principles. The GOP must wage total war on the swamp creatures bankrupting our nation.

Freedom isn’t free – and neither is $49,000 in new debt every second. Unless we stop the spending madness, our grandchildren will curse us for surrendering their birthright to globalist bankers and weak-kneed politicians.

Written by Keith Jacobs

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