Ban the Bomb of Federal Debt
In 2022 the U.S. Treasury collected a record $4.9 Trillion, and spent $6.3 Trillion, borrowing the difference. As of October 2023, the Federal Debt is $33.6 Trillion. Interest on this debt is projected to be $1 Trillion this year alone. In addition, Congress is borrowing an additional $2 Trillion this year.
Congress MUST balance the budget. Raising tax rates DECREASES revenues as it prevents the growth of the economy.
Congress must cut spending. A balanced budget is a cannot compromise MUST do. It will require a chainsaw, not a paring knife. This Cowboy knows how to run a chainsaw, and I will take one to the budget!
