CAL THOMAS COMMENTARY OCTOBER 24, 2025
IN MID-AUGUST AMERICA’S NATIONAL DEBT ROSE TO $37 TRILLION. THREE DAYS AGO IT HIT $38 TRILLION.
THE RAPID ADVANCE IN THE DEBT… IS LARGELY ATTRIBUTABLE TO DELAYED BORROWING WHILE THE DEBT CEILING WAS CLOSE TO BEING BREACHED AND EXTRAORDINARY MEASURES PROLONGED IT FROM JANUARY THROUGH JULY.
NOTHING IS BEING DONE TO REDUCE THE DEBT, WHICH MOSTLY INCLUDES INTEREST ON THE BORROWED MONEY. DEMOCRATS WANT TO BORROW MORE TO CONTINUE THE OBAMACARE HEALTH CARE SUBSIDIES. REPUBLICANS, SO FAR, ARE HOLDING THE LINE.
MAYA MACGUINNESS, PRESIDENT OF THE IRONICALLY NAMED COMMITTEE FOR A RESPONSIBLE FEDERAL BUDGET SAYS: “WE’RE BECOMING DISTRESSINGLY NUMB TO OUR OWN DYSFUNCTION. WE FAIL TO PASS BUDGETS, WE BLOW PAST DEADLINES, WE IGNORE FISCAL SAFEGUARDS, AND WE HAGGLE OVER FRACTIONS OF A BUDGET WHILE LEAVING THE LARGEST DRIVERS UNTOUCHED. SOCIAL SECURITY AND MEDICARE…ARE JUST SEVEN YEARS FROM HAVING THEIR TRUST FUNDS DEPLETED – AND YOU DON’T HEAR ANYTHING FROM POLITICAL LEADERS ON HOW TO AVOID SUCH A DISASTER.”
THAT’S BECAUSE POLITICIANS SEEM INTERESTED ONLY IN THE NEXT ELECTION AND PRESERVING THEMSELVES IN OFFICE. IT’S WHY WE NEED A CONVENTION OF STATES.
NO NATION HAS EVER SURVIVED WITH SUCH MASSIVE DEBT. I’M CAL THOMAS.
