All those Trump tax cuts were unpaid for, and continue to expand our national debt. No one wants higher taxes, but we are already paying the bill - 100s of $billions every year of interest:
www.theatlantic.com/ideas/2026/0...
Please repost this 'gift' article so others can read it too!
If your kids, like mine, are struggling to buy a house even with large incomes, if your PhD child with an $80K income can hardly afford his apartment, you need to read this β¬οΈ. #inflation #interestrates #FederalDebt
www.theatlantic.com/ideas/2026/0...
A big challenge in making these hard choices is that the costs and benefits are asymmetrically understood: Whereas the costs of deficits are diffuse, the costs of policies that close the deficit are acutely clear only to those affected.
Yale Budget Lab:The #nationaldebt forces Americans to pay higher costs to borrow. A typical 30-year mortgage is up by $2,500 a year. A typical auto loan about $120, and $770 on a typical small-business loan. Credit-card interest is near record highs.
πAmericans Are Already Paying Dearly for the National Debt
A spendthrift government is raising borrowing costs for everyone.
By Martha Gimbel
June 12, 2026, 7:30 AM ET
www.theatlantic.com/ideas/2026/0...
Americans Are Already Paying Dearly for the National Debt
A spendthrift government is raising borrowing costs for everyone.
www.theatlantic.com/ideas/2026/0...