President Joe Biden and Congress raising our national debt ceiling by $480 billion is nothing to be proud of.
Both continue to ignore our national debt, which will now exceed $29 trillion by December 2021. This averages out to $86,710 per citizen, or $228,999 per taxpayer.
Our legal debt limit will officially run out in early December, due to our excessive current rate of spending. This doesn’t include the $1.2 trillion proposed Infrastructure or $3.5 trillion Build Back America package.
There are thousands of employees who are familiar with the details of our federal budget. How difficult can it be to find billions in savings?
Millions of Americans cut their household budgets to make ends meet. It is time for Washington to live within its available existing revenues without excessive borrowing, just like millions of ordinary citizens.
Return to pay-as-you-go budgeting, means testing for all government assistance programs, sunset provisions for agencies and programs that have outlived their original purpose, and real balanced budgets without smoke and mirrors.
Everything needs to be on the table, including military spending, agricultural subsidies, corporate welfare bailouts and foreign aid to other nations.
Have the IRS accelerate the collection of several hundred billion in uncollected back taxes owed by deadbeat individuals and corporations, along with suspending billions in future tax refunds to those who are gainfully employed, yet continue failing to pay long overdue taxes or student loans.
The President and Congress have forgotten the old saying “a penny saved is a penny earned.” Americans should send both a penny to remind them that it is not a sin to save.