According to a recent analysis in the USA Today, federal, state and local governments have added $10 trillion in the past two years in more borrowing - 13% above inflation. Our government’s debt now stands at nearly $60,000,000,000,000 (sixty-trillion).
That’s more than $500,000 and growing for every American household. For each family it’s growing about $25,000 per year. That’s more than some people make in a year!
Should you be concerned? What should we do?
Our governments will continue to increase taxes and borrowing to cover the interest on the debt. Unless we do something different.
Who is going to make good on this debt?
Do you think our governments should be able to continue to spend more money than they take in year in and year out? Click here to register your vote – here for Yes, there for No. (This lets you send your vote and an email, with comments if you want, to Frank Lasee, 2d District Wisconsin State Assembly.)