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The Congressional Budget Office projects that interest costs in 2025 will total nearly a trillion dollars ($1,000,000,000,000) — an 8% increase from the year before, but following increases of 30% and 32% in each of the two years before that. Over the next decade, the U.S.
government's interest payments on the national debt are now projected to total $13.8 trillion. The only categories the U.
S. spends more money on are Social Security and Medicare. This is a dire situation for our nation requiring a war against governmental debt.
Congress and past presidents have only given lip service in addressing this growing economic conflagration. During WWI and WWII, our presidents turned to captains of industry and business to tackle the greatest challenges of production, organization and leadership. Should we not allow today's commander in chief the same latitude? Wouldn't it be wise for him to request the assistance of one such as Mr.
Musk and others who are capable of addressing a crisis of this scale? People are also reading...
True, the process may at times appear to be less than surgical. Many initiatives may seem blunt. But, something must be done about our national debt and it needs to begin immediately.
Gary Schulte, Lincoln Catch the latest in Opinion Get opinion pieces, letters and editorials sent directly to your inbox weekly!.
