Painful as it was, I just finished watching the most recent Democratic presidential debate. Interestingly, there was not a single mention of our national debt by the moderators or any of the candidates. They talked about every other subject imaginable but not the one that is the greatest threat to our national security.
In truth and very disappointingly, it’s likely that this would have also been the case if this had been a Republican presidential debate. Both parties are ignoring the national debt and resolve every budget disagreement by spending even more. The federal government currently borrows 23 percent of every dollar it spends. How long could any of us do that?
Before Democrats blame this all on the 2017 tax cuts, let me remind them that since the new tax law went into effect, the government’s revenue has increased every year. The problem is that spending increased even more. Let me also remind them that the current budget deficit of more than $1 trillion was equaled only four times in our nation’s history; all during Barack Obama’s two terms.
Sadly, I predict that politicians of both parties will address this problem only when is too late.
John Rowerdink, Pinehurst
Publisher’s Note: This is a letter to the editor, submitted by a reader, and reflects the opinion of the author. The Pilot welcomes letters from readers on its Opinion page, which serves as a public forum. The Pilot is not in the business of suppressing public opinion. We are a forum for community debate, and publish almost every letter we receive. For information on how to make a submission, visit this page: https://www.thepilot.com/site/forms/online_services/letter/