Editor, Gazette-Journal:
We are drowning in a sea of debt. The national debt is growing $3 billion a day. In August the debt drove past $37 trillion, increasing despite the tariff income, DOGE efforts at debt reduction, a 6.4% increase in federal revenue in FY 2025, an 11% increase over the previous year. The government ran the largest budget deficit ever.
The problem is not that taxes are too low, or a lack of tariff revenue: it’s purely due to uncontrolled spending. Payments on the national debt approach $1 trillion annually. Couple this with expectation for further debt in coming years; it portends a dark fiscal future for America.
Last year the government spent more on interest payments than it did on defense. Interest payments are set to reach $1.3 trillion by 2030 and $1.8 trillion by 2035.
The current debt contributes to negative effects on the economy, reduced GDP growth, higher interest rates, discouraging private investment, higher prices, fewer jobs due to declining investme...