{"id":2139434,"date":"2024-01-03T13:11:02","date_gmt":"2024-01-03T18:11:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/greatest-threat-to-americas-national-security-national-debt-hits-34-trillion-for-first-time\/"},"modified":"2024-01-03T13:15:56","modified_gmt":"2024-01-03T18:15:56","slug":"greatest-threat-to-americas-national-security-national-debt-hits-34-trillion-for-first-time","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/greatest-threat-to-americas-national-security-national-debt-hits-34-trillion-for-first-time\/","title":{"rendered":"National debt reaches $34 trillion, posing major security risk to America"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fgreatest-threat-to-americas-national-security-national-debt-hits-34-trillion-for-first-time%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2139434&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>The U.S. National Debt Reaches\u2064 $34 Trillion, Threatening America&#8217;s Future<\/h2>\n<p><span style=\"font-weight: 400\">In a shocking development, \u200cthe U.S. national debt has skyrocketed to an unprecedented $34 trillion, surpassing the $33 trillion mark in\u200b just three \u200bmonths. This alarming data was recently released by \u200dthe\u2063 Treasury Department, highlighting the\u2064 dire\u200b financial\u2064 situation the country is facing.<\/span><\/p>\n<h3>Mounting\u200c Debt and Soaring Borrowing Costs<\/h3>\n<p><span style=\"font-weight: 400\">As America&#8217;s \u200cnational\u2063 debt continues to climb, experts predict that the federal government&#8217;s borrowing costs will \u2064triple over the next \u200bdecade. The Committee for a Responsible \u200bBudget, as reported by Fox Business, warns that debt payments could surge from the \u200ccurrent $475 billion to a staggering $1.4 trillion by fiscal\u2062 year 2032 and\u200d an \u200bastonishing $5.4 trillion by 2053. To put this\u2064 into perspective, in fiscal year 2022, the U.S. spent\u200c $944 \u2063billion on Medicare, \u2062$805 billion on Medicaid, and $1.2 trillion on Social Security.<\/span><\/p>\n<h3>A Threat to National Security<\/h3>\n<p><span style=\"font-weight: 400\">House Speaker\u200c Mike\u2064 Johnson (R-LA) emphasizes that the national debt poses the greatest threat to America&#8217;s national security. He urges lawmakers from both sides \u200cof the\u200b aisle to take responsibility and\u2063 reduce spending, steering the nation towards fiscal\u2062 sanity.<\/span><\/p>\n<h3>A Heavy Burden \u2064on \u2064Every American<\/h3>\n<p><span style=\"font-weight: 400\">The national debt equates\u200b to a \u2062staggering $100,000 for every adult \u2063and child in the U.S. Additionally, the debt-to-GDP ratio is at its highest\u200d since the\u200d aftermath\u200c of World War II,\u2064 according\u200c to Mississippi State\u200d Auditor Shad\u200c White.<\/span><\/p>\n<h3>Blame Game and Criticism<\/h3>\n<p><span style=\"font-weight: 400\">In response to the record-breaking \u200bnational debt, the White House \u200dpoints\u2063 fingers at Republicans, claiming \u200bthat tax\u2064 breaks for corporations have overwhelmingly contributed to\u2063 the\u2062 increase. White House Assistant Press Secretary Michael Kikukawa asserts that President Biden has a\u200b plan to\u2063 cut the\u2064 deficit by $2.5 trillion, ensuring that the wealthy \u200dand \u2062big corporations pay their fair share while reducing wasteful spending on special interests. However, the Biden administration faces criticism for its fiscal policy, with Senator\u200d Rick \u2063Scott (R-FL) accusing Biden of recklessly spending and\u2062 deepening the\u2062 debt.<\/span><\/p>\n<p><b><a href=\"https:\/\/onelink.to\/dwapp\" target=\"_blank\" rel=\"noopener noreferrer\" aria-describedby=\"sk-tooltip-9096\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/onelink.to\/dwapp&#038;source=gmail&#038;ust=1700760801843000&#038;usg=AOvVaw2PQrVSrJfhxNb4LcARqniG\">CLICK HERE\u2063 TO GET THE \u2064DAILYWIRE+ APP<\/a><\/b><\/p>\n<h3>A Historical Trend<\/h3>\n<p><span style=\"font-weight: 400\">The national debt has consistently increased under every president since Calvin Coolidge. Notably, \u200bthe largest percentage increases occurred during \u200cthe presidencies of Franklin D.\u200d Roosevelt, \u2062Ronald Reagan, George W. Bush, \u2064and Barack Obama.<\/span><\/p>\n<h3>Urgent Need for Budget Agreement<\/h3>\n<p><span style=\"font-weight: 400\">With just\u2063 weeks remaining,\u2064 Congress must urgently\u200c reach an agreement \u2064on new department budgets. The House and Senate passed a stopgap spending bill in November to \u2063avert a government shutdown, but a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/maui-fires-number-of-residents-unaccounted-for-drops-below-expectations\/\" title=\"Maui fires: Fewer missing residents than expected.\">long-term\u2064 solution<\/a> is crucial to address the mounting national debt.<\/span><\/p>\n<p> <\/p>\n<h2> What role do policymakers\u2062 and the\u200d American public play in addressing the national debt and securing America&#8217;s future<\/h2>\n<p><span>  Erican Citizen<\/h3>\n<p><span style=\"font-weight: 400\">The growing national\u2064 debt is not just a concern\u200c for policymakers; it directly affects every American citizen. As the debt continues to rise, so does the \u2063burden on taxpayers.\u200b The Congressional Budget Office projects that by 2051, the \u2064federal debt held by the public will reach 202% of GDP, a level never before seen in U.S.\u2062 history. This will result in higher taxes, reduced \u200bgovernment spending on essential programs, and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/5-countries-that-escaped-poverty-by-promoting-capitalism\/\" title=\"5 Countries That Escaped Poverty By Promoting Capitalism\">limited economic growth<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, the increasing debt puts the value of the U.S. dollar at risk. As\u2063 more money\u2062 is borrowed to support the government&#8217;s operations,\u2063 inflation becomes a significant concern. Inflation erodes\u200c the purchasing power of individuals and\u200d makes \u2062it harder\u200d for \u2062households\u200b to meet\u200b their daily needs. Ultimately, this leads to a decline in the standard of living\u200b for all Americans.<\/span><\/p>\n<h3>The Need for Fiscal Responsibility<\/h3>\n<p><span style=\"font-weight: 400\">Addressing\u2064 the national debt \u200drequires a coordinated effort from policymakers across party lines. Both Republicans and \u2063Democrats need \u200cto set aside \u2064their differences and come together to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/solar-projects-turn-into-disaster-as-groundwater-dries-up-leaving-residents-furious-dead-without-water\/\" title=\"Solar projects become disasters as groundwater depletes, leaving angry residents desperate for water.\">find sustainable solutions<\/a>. \u200cThis includes cutting unnecessary spending, reforming entitlement programs, and implementing long-term \u2062strategies to reduce the deficit.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In \u200caddition to fiscal responsibility, policymakers must also\u2064 focus on fostering economic \u200bgrowth. A robust economy\u2063 generates\u200c higher tax revenues, allowing \u2062the government \u200dto pay down its\u200d debt\u200b more effectively. Encouraging entrepreneurship, investing in infrastructure, and\u2063 supporting \u200dindustries that \u200bcreate jobs are all key components\u200c of a healthy and prosperous economy.<\/span><\/p>\n<h3>The Role of the American \u200bPublic<\/h3>\n<p><span style=\"font-weight: 400\">While the \u200dresponsibility to address \u2062the national\u2064 debt primarily falls on policymakers, the American public also\u200b plays a\u200d vital role. It is crucial \u200bfor citizens\u200c to \u200cstay informed and engaged in the political process, demanding accountability and responsible financial management from their elected officials. Participating in civic activities, advocating for sound economic policies, and making informed choices during elections are all ways individuals can contribute to securing America&#8217;s\u2062 future.<\/span><\/p>\n<h3>Conclusion<\/h3>\n<p><span style=\"font-weight: 400\">The U.S. national debt reaching $34 trillion is a grave concern for the\u200c future of the country.\u200c Mounting\u2063 debt, soaring borrowing costs, and the threat to\u2062 national security all demand immediate attention. It is time \u2062for policymakers to prioritize\u200d fiscal responsibility and work towards finding sustainable solutions to reduce\u200b the deficit. Likewise, the American \u200cpublic must remain engaged and push for accountable and transparent\u2062 governance. Only through collective effort can America secure its future and protect the well-being of its citizens.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. national debt hit a record $34 trillion last week, only three months after surpassing $33 trillion. The Treasury Department&#8217;s data reveals the alarming rise. Additionally, the federal government&#8217;s borrowing costs on the debt are predicted to triple, in line with the continuous growth of America&#8217;s national debt<\/p>\n","protected":false},"author":324,"featured_media":2139435,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-2139434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2139434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/324"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2139434"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2139434\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2139435"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2139434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2139434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2139434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}