Prominent figures like Robert Kennedy Jr., Federal Reserve Chairman Powell, and Senator Tim Scott have expressed concerns about the growing U.S. national debt, which is projected to reach $34 trillion. The U.S. federal spending is expected to exceed revenue, leading to substantial deficits. The Congressional Budget Office anticipates a $21 trillion increase in the national debt over the next nine years. This unsustainable trajectory has raised alarms about the burden being placed on future generations and the need for urgent fiscal reform.
The U.S. fiscal problem is that spending over the next decade will average 23.5% of GDP—significantly more than the 50-year average (21%). https://t.co/ZgZUFPQPml via @WSJopinion
.@federalreserve Chair Powell on America's $34 trillion national debt: “The debt is growing faster than the economy… we’re borrowing from future generations.” We can’t continue down this reckless path. https://t.co/Zzy4ZetRSK
Federal Reserve Chairman Powell is correct: we urgently need to get our fiscal house in order. In FY23, the U.S. paid over $659 billion in interest on the national debt, which would have funded nearly the entire budget for the Department of Defense. This problem will only get…
The U.S. national debt is expected to grow by an eye-opening $21 trillion over the next nine years, as interest rates continue their upward trajectory, according to a new Congressional Budget Office report. https://t.co/sNlPRaDaCU
In 30 years, US Federal spending is expected to hit ~28% of GDP. Meanwhile, US Federal revenue will be just ~19% of GDP. In 2023, the US posted its 3rd largest deficit on record, spending $1.7 TRILLION more than it brought in. This was a $300 billion increase in deficit… https://t.co/exE3D20phP
RFK Jr. Calls CDC a Catastrophic Failure @RobertKennedyJr slams the CDC for helping pharmaceutical companies get rich at the expense of the health of the American public. Watch LIVE➡ https://t.co/aeKhZCtVbe Watch @stevegrubershow's entire interview with 2024 independent… https://t.co/OSRkaeTi1a
“We’re foisting a 34 trillion dollar debt onto our children.” @RobertKennedyJr says we’re headed towards collapse caused by unsustainable government spending. #Economy Watch LIVE➡ https://t.co/aeKhZCtVbe Watch @stevegrubershow's entire interview with 2024 independent… https://t.co/NONLZZRFYl