Monday, July 1, 2024

What Does $34.7 Trillion National Debt Really Mean For Taxpayers?

 Maybe you've heard that our national debt has topped $34.7 trillion.

If our national debt were printed in one-dollar bills, you could make 10 stacks of bills from the earth to the moon.

If our national debt were in seconds, it would equate to 1,095,641 years.

If the national debt were cubic miles of water, we could fill our oceans 107,638 times.

Our debt is massive, but not enough lawmakers are concerned about the growing problem.

In May, House Budget Committee Chairman Rep. Jodey Arrington, R-Texas, and I introduced legislation informing taxpayers of their share of the national debt, which is now more than $200,000 per taxpayer.

The Debt Per Taxpayer Information Act would show the true cost to our country by requiring the IRS to display the total federal government revenue, outlays, and deficit; the total gross federal debt; and an estimate of the debt for taxpayers on their annual W-2 tax forms.

https://www.dailysignal.com/2024/07/01/when-washington-spends-youre-hook-you-deserve-know-how-much/

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