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Curtis: Republicans Need To Make The Math Count
Good morning,
I want to bring to your attention the most recent column I wrote published
by [3]Townhall.
"Even Democrats and their friends in the mainstream media (MSM) must know
that you cannot spend money you do not have forever. When the amount of
spending taking place leads to a situation where we owe more than the
entire value of the Gross Domestic Product (GDP) of the United States, it
is just a matter of time until our day of reckoning.
None of this is esoteric economic theory. It is simply common sense. Not
only that, but this level of debt is also a matter of national
security. Starting with China, so much of this debt is held by those who
do not support American interests or our way of life for that matter. In
fact, the evidence is abundantly clear that they are actively working to
undermine our place in the world. Does anyone doubt that China is more
than willing to do things to create havoc and economic hardship in the
United States?
We have rationalized decades of excessive spending as being necessary, for
one reason or another. Where does it leave us? The bottom line is we are
living on borrowed time. When Barrack Obama was elected in 2008, the
national debt was $10 trillion. Today, it is almost triple that, $28.3
trillion. That is a lot of spending in not many years. Worse, that debt
is more than 125 percent of our GDP. When the 20^th century came to a
close, it was less than 60 percent of GDP. To walk past the National Debt
clock in New York City, which I did for many years, can stun you with how
much debt is being accumulated so quickly."
Please take a moment to read the full column [4]here, and we hope you find
it of interest!
All the best,
Jessica Curtis
Executive Director
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Jessica Curtis
GOPAC
1201 Wilson Boulevard, Suite 2110
Arlington, VA 22209