When individual Americans live beyond their means, they go bankrupt. When our government spends more than it raises in tax revenue, we pass on the debt to the next generation to pay.
The current administration has contributed over $2 trillion to our national debt, but both parties are guilty for the $22 trillion national debt that my generation will be burdened with. Ultimately, my generation will have to pay off this debt, either by losing our earned benefits like Social Security and Medicare, or by digging a deeper hole for the next generation by borrowing more from foreign lenders, financial institutions and corrupt companies to fund our government.
This is reckless and unsustainable. To fix this, we need to make large long-term spending cuts and short term investments in economic growth to pay down our national debt. That’s why I’ll vote to: