Let's Stop Paying to Bankrupt America

 The alarming growth of the national debt in the United States, highlighting the disconnect between political rhetoric regarding fiscal responsibility and reality. The author, Jim Cardoza, stresses the long-term consequences of this growing debt on future generations.

1. Deteriorating National Debt: The U. S. national debt has surpassed $35 trillion, a figure that seems abstract to many but has significant implications for future generations, who will be burdened with this debt.

2. Normalization of Debt: Politicians discuss large deficits as if they are commonplace, while ordinary citizens are expected to adhere to strict budgeting in their own finances. This creates an illusion that government can operate free from standard economic rules.

3. Borrowing to Pay Interest: A substantial portion of federal revenue is now going towards interest payments rather than productive investments. This resembles a family using one credit card to pay off another, a situation often described as headed for bankruptcy.

4. Consequences of Debt: The growing national debt hinders economic growth, keeps wages stagnant, and diminishes productivity. It also raises inflation, hurting savers and working Americans as prices rise and incomes do not keep pace.

5. National Security Risks: A heavily indebted nation faces vulnerabilities, as dependence on foreign creditors can limit policy choices and weaken overall national security.

6. Moral and Political Implications: Current spending practices obligate future taxpayers to liabilities without their consent, effectively passing the buck to later generations. This practice is criticized for its lack of accountability.

7. Congressional Accountability Proposal: To address the problem, the author proposes that Congress members should not be paid if they exceed spending beyond the previous year's revenues. This idea aims to change the incentive structure so that lawmakers suffer personal consequences for fiscal irresponsibility.

8. Restoring Fiscal Discipline: The article emphasizes the need to enforce accountability to ensure Congress takes fiscal responsibility seriously, asserting that government must be bound by sound budgeting principles similar to individual families and businesses.

The text concludes with a call to restore fiscal discipline to avoid economic crises caused by unsustainable borrowing and spending practices. Cardoza warns that the U. S. cannot continue to rely on future generations to pay for today's expenses. It is crucial to confront the reality of fiscal responsibility now to prevent severe consequences later.

https://www.americanthinker.com/articles/2026/05/let_s_stop_paying_to_bankrupt_america.html