National Debt Exceeds $18 Trillion

National Debt Exceeds $18 Trillion

While eyes are focused on how well shoppers will bolster the economy with holiday spending, this seasonal impact, while important, merits little attention compared to the calamitous prospects of a national budget that exceeds the $18 trillion mark. According to Fox News, “The national debt has passed the $18 trillion mark, sparking renewed criticism Tuesday from Republicans and other fiscal conservatives over the soaring trajectory of government spending under President Obama.”

Needless to say, Americans continue to be blessed with countless gifts, most of which have been and continue to be natural by-products of a democratic society. The attainment of these gifts – freedom, prosperity, the rule of law, etc. – comes at a high price. This price should be paid with human self-restraint, frugality and commitment to the time-honored traditions of ingenuity and hard work, not with stretching the national debt beyond the nation’s conceivable capacity to honor it. Let’s hope that, in the new year, we find our government developing legislation that will promote the will and abilities of Americans to pay the right kind of price for the inestimable gifts our society continues to afford its members.

 

Click here to read the full Fox News article.

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