| Nikki Haley on the National Debt |
| A day of reckoning is coming over the national debt. In a new blog post, Amb. Haley explains why every American should care about “the federal government’s spending addiction,” and what we need to do to get America back on the right fiscal track. She writes: “The national debt is closing in on $27 trillion. As it skyrockets, it hurts our country’s ability to deal with all the other challenges we face. The higher the debt, the harder it is to build a booming economy that creates more jobs and higher paychecks for working families. The higher the debt, the harder it is to stand up to America’s adversaries, from China to Russia to North Korea to Iran. The higher the debt, the harder it is to fulfill our promises, and pursue our dreams.” “If we don’t do something about our debt soon, we’re looking at a future of skyrocketing tax hikes and drastic spending cuts. The tax hikes would only cripple the economy even more. The spending cuts could be so steep that they hurt the most vulnerable in our society. As Americans, we can never let that happen.” Furthermore, she points out that “despite what some on the left say, we can’t solve this problem by simply taxing the rich. Even if we took every penny from every billionaire in America, we’d barely pay down a tenth of the national debt.” She makes clear that “the only way to solve this crisis is to tackle spending — and that needs to start now.” |
→ Read more: Nikki Haley: A day of reckoning is coming over the national debt (Medium) https://medium.com/@nikkihaley/a-day-of-reckoning-is-coming-with-the-national-debt-c30296bffe50 |
