9/22/26

Congress and the White House have to face the fact that ever-expanding budgets for defense, forever wars and entitlements will mean higher and higher debt limits and borrowing at higher and higher interest rates will be required to service the growing national debt. It is simply unsustainable. Meanwhile, due to Congress’ past missteps in entitlement reform, it’s been reported that Social Security will run out of cash in about six years requiring across the board cuts. Bottom line? A baby born today owes nearly $400,000 in federal debt and unfunded entitlement liabilities.