$19 Trillion National Debt: The Impact on You, Your Kids, and Your Grandkids, Too!

Craig HueyEconomics3 Comments

$19 Trillion National Debt: The Impact on You, Your Kids, and Your Grandkids, Too!

The US National Debt from … 2008! (Credit: Jesper Balle)

The consequences of Big Government and socialist policies by the Obama Administration have led to:

  • Historic numbers of people dropping out of the workforce—just giving up.
  • Rising prices, especially those hurting the poor and those on fixed incomes.
  • Businesses unable to grow new jobs, offer wage increases, or new opportunities.
  • A record in killing entrepreneurial dreams
  • A lower standard of living

The increase in regulations, taxes, and frivolous lawsuits impacts every sector of our society.

One clear consequence of bad economic policies is debt.

The Bible strictly encourages us to avoid debt.

God enjoined His people Israel:

“For the LORD thy God blesseth thee, as he promised thee: and thou shalt lend unto many nations, but thou shalt not borrow; and thou shalt reign over many nations, but they shall not reign over thee.” (Deuteronomy 15: 6)

and

“The rich ruleth over the poor, and the borrower is servant to the lender.” (Proverbs 22: 7)

Paul instructed his fellow believers, too:

“Owe no man any thing, but to love one another: for he that loveth another hath fulfilled the law.” (Romans 13: 8)

Consider these points, too:

  1. Since Barack Obama took office, the national debt has exploded from $10 to $19 trillion, the largest increase in US History.
  1. The Administration and the US Treasury have routinely misled the public about the President’s debt limit plans, just to pressure Congress and promote Obama’s agenda.
  1. The 2012 Fiscal Cliff tax increases targeted the rich to pay “their fair share”, but ended up costing everyday Americans in their take home pay, too. The President wants to expand the IRS with 91,000 more employees!
  1. Obamacare’s regulations and mandates are crushing poor and working-class Americans. The attending taxes include more than a fee for the uninsured, but also the Medicare payroll tax, the small business tax, and the tax on medical devices. All of these hikes add up to $1 trillion over the next ten years.
  1. Trillions of dollars and international business firms are fleeing the United States, inverting their company headquarters to more low-tax, business-friendly countries. Only a new president willing to take leadership on massive tax and regulatory reform will protect us from these anemic tends.

Please share your thoughts with me. Email me at craig@electionforum.org.

3 Comments on “$19 Trillion National Debt: The Impact on You, Your Kids, and Your Grandkids, Too!”

  1. In other words, he’s put us in the toilet, and if Hillary is elected, she’s going to flush it! I just don’t understand how the people of this once magnificent country could have elected and then put up with this President without throwing his “rear end” out! He’s WAY WORSE than President Bill Clinton and yet Clinton was impeached (but not convicted) on just sex dalliances! Who cares?! Obama has done MANY crimes against the United States and the Constitution and still not impeached. What is WRONG with this Congress??? We have the Republican majority and STILL NOTHING. To quote a famous phrase, “I’m mad at hell and I’m not going to put up with it any more!” THAT is why Donald Trump is way out in front: ANGER.

  2. I think from now on, I’m going to vote AGAINST almost any one who is running for re-election in Congress. We need to throw out the old decaying, rotten timber there. We need to have term limits for all Congressmen. But that’s like having the fox watch the chicken shack. “They” are definitely not going to go for that!

  3. Whoever is elected must pursue the current president to get to the Truth on so many issues as well as his wife’s spending on vacations ($1 Billion). But first we must stop the millions and millions of illegals he has brought in and now attempting to get them naturalized before the election which will be a disaster. This president must must pay for his crimes of treason against the U.S. or it will happen again. Trump understands all this and will take care of business. BTW, look at history – Eisenhower deported 5 million and Truman about 2 million illegals. It can be done and done easily with our military. This evil president knows what he is doing and he wants to fundamentaly change the U.S. All those congressman who stood by his side or didn’t rail against this need to be defeated in Congress. All new congressman should have term limits of no more than 6 years (after which Jefferson stated they become corrupt. There is a lot to do and it must begin with Christians. Government needs to be cut in 1/2. Schools need to be private not public anymore. We must balance our budget now or no growth will continue for decades to come.

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