America’s fiscal future is in peril. At $67,000 for every American, the $22 trillion national debt is larger than what the typical American household earns in a year. At the same time that federal debt is growing rapidly, politicians on both sides of the political aisle are making grand promises for new spending. It’s as if Washington’s elite think that the debt does not matter. A high and rising national debt exposes America to significant dangers and imposes steep costs on families, workers, and businesses. The sooner we act to correct course, the more sensible reform options we have available to avoid severe austerity measures.
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