Whitman County Gazette - Serving Whitman County since 1877

By Don C. Brunell
Freelance Columnist 

It is Time to Talk About Our National Debt

 

September 12, 2019



Our nation is on an unsustainable borrowing trajectory and it could get much worse unless voters start asking politicians: “How are taxpayers going to pay for what they promise!”

We now owe over $22.5 trillion to lenders of which nearly half are off shore. (China $1.11 trillion). At the rate which we are selling treasury notes, the deficit will balloon to $24 trillion by 2020.

That means when the presidential election rolls around next year, each taxpayer’s share of the debt will be $183,000 if nothing is done and if politicians keep their campaign promises.

uring the 2016 presidentia...



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