Midknight Review -- new and revised: National Debt: Nations we borrow from and why.

National Debt: Nations we borrow from and why.

(CNSNews.com) - The total national debt increased by more than a trillion dollars in Fiscal 2018, reaching $21.5 trillion at the end of September; and the FY '18 budget deficit was almost $779 billion.
Although the situation is "very disturbing," it cannot be blamed on Republicans alone, Senate Majority Leader Mitch McConnell (R-Ky.) told Bloomberg News on Tuesday:

It's driven by the three big entitlement programs that are very popular – Medicare, Social Security, and Medicaid. That's 70 percent of what we spend every year. The subject we were just discussing, the funding of the government, is about 30 percent of what we spend.
There's been a bipartisan reluctance to tackle entitlement changes because of the popularity of those programs. Hopefully, at some point here, we'll get serious about this. We haven't been yet.

2 comments:

AnonymousOctober 24, 2018 at 5:23 PM
The stock market is now negative for the year. As predicted... a sugar high followed by a recession, higher deficits. Irresponsible. Trump just wants to cash in before he checks out.

https://www.nytimes.com/2018/10/24/business/stock-market-today.html?
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Let's return the favor, shall we?

CLINTON: You cannot be civil with a political party that wants to destroy what you stand for, what you care about. That’s why I believe if we are fortunate enough to win back the House and/or the senate, that’s when civility can start again. But until then, the only thing that the Republicans seem to recognize and respect is strength. And you heard how the Republican members led by Mitch McConnell, the president really demeaned the confirmation process.

The Stated Nonsense from the Left now includes these Progressive goals:

July 2, 2008, Obama had this to say: "We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

MICHELLE OBAMA: "Barack knows that we are going to have to make sacrifices; we are going to have to change our conversation; we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."

“ . . . . . . they have become a generation of activists possessed with that most American of ideas – that people who love their country can change it.” -- Obama the Radical

On September 30, Van Jones told MSNBC "I think everybody should hold onto your seats. October is going to be the turning point when it comes to the progressive fight back."