Today’s highly interesting read (07/23/18): The dirty little secret in Washington everyone knows

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While this is related to President Trump it’s not necessarily what you might have first thought. 🙂

As an intro to the read it’s important you watch this segment from “60 Minutes in 2007.” Yes, 2007.

Now, 11 years later, to the read from Justin Haskins, executive editor and a research fellow at The Heartland Institute.

Put simply, America is on the verge of experiencing an absolutely catastrophic period of economic change, and it’s due mostly to its skyrocketing debt, which is the result of decades of reckless government spending—by both political parties.

This massive figure would consume so much of the federal budget that the government would be forced to raise taxes just to continue paying for existing government spending, stifling economic growth. This would be particularly problematic should the United States enter another deep recession, because during recessions, tax revenues often fall because of lower economic production.

Read Haskins’ entire column here.

One thought on “Today’s highly interesting read (07/23/18): The dirty little secret in Washington everyone knows

  1. Pingback: Support for Trump, Charlie Sykes, newspapers and the cost of gov’t, and Washington’s dirty little secret | This Just In… From Franklin, WI

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