America Enters the Doom Loop

Our most pressing issue is a self-inflicted wound born of our deeply partisan divide: the weaponization of the criminal justice system and much of the media by Democrats in order to get Donald Trump and protect Joe Biden.

The national debt now stands at almost $33 trillion, or more than 120% of our annual Gross Domestic Product.

In June, the Congressional Budget Office estimated that net interest costs on that debt would amount to $663 billion in 2023 and that it will double over the next decade.

In 30 years, that debt service will become the largest line in the budget, bigger than Medicaid and Social Security.

Many economists have been warning about the threat since the Reagan administration - while our leaders have fiddled.

Student loan debt now stands at about $1.77 trillion, a 66% increase over the last decade, according to the Federal Reserve.

President Biden's continuing schemes to transfer some of this debt onto the backs of taxpayers does nothing to address the underlying problems while adding even more to our crushing national debt.

Updating earlier reporting by RealClearInvestigations, the Wall Street Journal notes that the U.S. Immigration court system "Has become an intractable bottleneck. Millions of immigrants in the U.S. have settled into new lives while waiting, most of them for years, to learn whether they will be allowed to stay for good." While Biden administration policies have gravely intensified this crisis - even as the president mysteriously turns a deaf ear to calls from Democratic mayors and governors for assistance - the "Border crisis" and the need for immigration reform are issues both parties have acknowledged and ignored for decades. 

https://www.realclearpolitics.com/articles/2023/09/08/america_enters_the_doom_loop_149725.html