CAL THOMAS COMMENTARY MARCH 20, 2026
IT SEEMS LIKE ONLY YESTERDAY THAT OUR NATIONAL DEBT WAS AT AN UNSUSTAINABLE $38 TRILLION. THIS WEEK THE DEBT HIT $39 TRILLION AND ESTIMATES SAY IT WILL HIT $40 TRILLION BEFORE THE NOVEMBER ELECTION UNLESS CONGRESS GETS SERIOUS – SOMETHING IT IS NOT KNOWN FOR – AND DOES SOMETHING ABOUT THE SPENDING.
INTEREST ON THE DEBT, WHICH IS LARGER THAN A FEDERAL PROGRAM, IS $1 TRILLION A YEAR.
REMEMBER WHEN DEMOCRATS, ESPECIALLY, COMPLAINED ABOUT A FAR LOWER DEBT AND THE BURDEN WE ARE PUTTING ON FUTURE GENERATIONS. NOT A PEEP ABOUT THAT THESE DAYS.
THE DEBT HAS AN IMPACT ON INFLATION AND INFLATION CONTRIBUTES TO HIGHER PRICES FOR THE NECESSITIES WE ALL NEED. ENTITLEMENTS ARE A MAJOR PART OF THE PROBLEM BUT CONGRESS WON’T FIX THEM BECAUSE MEMBERS FEAR VOTER BACKLASH. WASHINGTON TAKES IN RECORD AMOUNTS OF REVENUE. SPENDING IS THE PROBLEM.
AS I WROTE IN MY BOOK “AMERICA’S EXPIRATION DATE,” WHICH I HOPE YOU HAVE READ, NO NATION IN HISTORY HAS BEEN ABLE TO SUSTAIN ITSELF WITH SUCH MASSIVE DEBT. AS WE APPROACH THE 250TH YEAR OF AMERICA, WE HAD BETTER TAKE THIS SERIOUSLY. OTHERWISE, INSIEAD OF CELEBRATING FUTURE BIRTHDAYS, WE MIGHT BE LOOKING AT A FUNERAL. I’M CAL THOMAS.
