Truths and omissions as US hits $40 trillion in debt
The U.S. national debt just crossed the $40 trillion threshold, doubling in less than a decade. Washington politicians have responded with their favorite fiscal game: blaming the other party. Democrats say Republican tax cuts are the culprit. Republicans say Democratic spending is the root cause. But both parties are responsible, with both hiding behind a lie of omission. And if we let them, they’ll keep driving us into the same wall together. Sen. Patty Murray (D-Wash.) recently called Republican tax cuts “the single biggest driver” of the debt across the last 25 years. The ...