Moreover, it is projected that the national debt will increase even more over the next ten years by $10 trillion. What’s worse is if our leaders aren’t mindful and strategic, a $10 trillion increase may be only the tip of the iceberg. At some point, if America continues down this dangerous path, we are going to reach the point of no return. However, that can be avoided by Congressional leaders and White House staff getting their stuff together, taking the national debt seriously, and working to significantly decrease it.
A Bipartisan Effort
Lowering the national debt should not be a partisan issue. It impacts Republicans, Democrats, Libertarians, etc alike. In fact, the need to lower the national debt should serve as the great equalizer to bridge the gap between partisan and party lines.
Congressional Republicans and Democrats must join forces to engender economic growth. The prosperity of the economy is a critical element to beginning to lower the debt. Congress also needs to cut spending. Perhaps this means reducing some entitlement programs, among other things. Everyone may not get exactly what they want, but in the end, significantly lowering the $20 trillion in national debt will only serve to benefit the nation as whole.
