I'm telling you, folks, we have to stop all this 'foreign aid', stop paying for NATO, take our bases out of these countries we have to pay for their security, and cut our government payroll in half at least! Shore up social security and Medicare and use the rest saved annually to pay down this debt!
"U.S. public debt topped $30 trillion for the first time, reaching $30.01 trillion on Jan. 31, Treasury Department data released on Tuesday indicated, The Wall Street Journal reports.
Throughout the pandemic, the U.S. government spent $7 trillion on COVID-19 relief to avert a recession.
The $30 trillion debt milestone comes at a time when many of the COVID-19 relief programs have expired. Lawmakers now find themselves “at a time of transition for U.S. fiscal and monetary policy,” WSJ says.
Investors are also awaiting signals from the Federal Reserve as to when it will begin raising short-term interest rates, now near zero, to tamp down inflation, now running at 7%."
https://www.newsmax.com/financ....e/streettalk/us-nati