National debt tops $22 trillion for the first time as experts warn of ripple effects

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WASHINGTON – The national debt surpassed $22 trillion for the first time on Tuesday, a milestone that experts warned is further proof the country is on an unsustainable financial path that could jeopardize the economic security of every American.

The Treasury Department reported the debt hit $22.012 trillion, a jump of more than $30 billion in just this month.

The national debt has been rising at a faster rate following the passage of President Donald Trump’s $1.5 trillion tax-cut package a little more than a year ago and as the result of congressional efforts to increase spending on domestic and military programs. The nation has added more than $1 trillion in debt in the last 11 months alone.

“Reaching this unfortunate milestone so rapidly is the latest sign that our fiscal situation is not only unsustainable but accelerating,” said Michael A. Peterson, chief executive officer of the Peter G. Peterson Foundation, a nonpartisan organization working to address the country’s long-term fiscal challenges.

https://www.usatoday.com/story/news/politics/2019/02/12/national-debt-tops-22-trillion-first-time-ever/2849978002/

[Iliyah]

1. Yet, that is NOT a National Emergency . . .

stealing additional funds (which this administration has done in the past 2 years) from our federal agencies, shutting down government, passing tax breaks for the 1%ers, and cost of living rising for the middle class, et al.

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2. republicans once called themselves 'the party of fiscal responsibility'.....Bwahahahahahahaaaa

it's always been bullshit.

they are good at slogans and shit at governing