CAL THOMAS COMMENTARY OCTOBER 6, 2022
THE NATIONAL DEBT HAS REACHED A NEW RECORD AND HORRIFYING LEVEL. ON JANUARY 31ST OF THIS YEAR THE DEBT PASSED $30 TRILLION. AS OF TUESDAY IT HAD TOPPED $31 TRILLION. THE INTEREST ON THE DEBT IS $250 BILLION.
THIS LEVEL OF DEBT HAS CAUSED THE INFLATION EVERYONE IS FEELING, BUT POLITICIANS CAN’T HELP THEMSELVES. THEY KEEP SPENDING WITH NO REGARD FOR THE FUTURE. PRESIDENT BIDEN HAS CONTRIBUTED TO THE MASSIVE SPENDING AND DEBT, BUT SO HAVE PREVIOUS REPUBLICAN PRESIDENTS.
IT’S LARGELY BECAUSE OF AN ENTITLEMENT MENTALITY AND THE ENVY OF WHAT OTHER HAVE. THIS IS WHY YOU HEAR WORDS LIKE “FAIR SHARE” WHEN IT COMES TO TAXES, OR EQUITY AND EQUALITY.
AS I WRITE IN MY BOOK “AMERICA’S EXPIRATION DATE,” NO NATION HAS EVER BEEN ABLE TO SUSTAIN ITSELF WITH SUCH DEBT. DEBT IS ONE OF THE MAIN CAUSES OF DECLINE OF PREVIOUS SUPERPOWERS AND NATION STATES. I HOPE YOU HAVE A COPY BECAUSE IT’S A WARNING OF WHAT WILL HAPPEN IF WE DON’T TURN THINGS AROUND.
REPUBLICANS HAVE PROMISED TO CUT SPENDING IF THEY WIN IN NOVEMBER, BUT WHERE WOULD THEY CUT AND COULD THEY WITHHSTAND THE ONSLAUGHT OF DEMOCRATS AND THE MEDIA? WE’RE ABOUT TO FIND OUT. I’M CAL THOMAS.
