USA - Let’s talk numbers, shall we? The national debt (the amount the federal government has borrowed over the years and must pay back) is $23 trillion and growing. The amount this country owes is now greater than its gross national product (all the products and services produced in one year by labor and property supplied by the citizens). We’re paying more than $270 billion just in interest on that public debt annually. And the top two foreign countries who “own” our debt are China and Japan.
The national deficit (the difference between what the government spends and the revenue it takes in) is projected to surpass $1 trillion every year for the next 10 years. The United States spends more on foreign aid than any other nation ($50 billion in 2017 alone). More than 150 countries around the world receive US taxpayer-funded assistance, with most of the funds going to the Middle East, Africa and Asia.
Meanwhile, almost 60% of Americans are so financially strapped that they don’t have even $500 in savings and nothing whatsoever put away for retirement, and yet they are being forced to pay for government programs that do little to enhance or advance their lives. Folks, if you haven’t figured it out yet, we’re not living the American dream. We’re living a financial nightmare. The US government — and that includes the current administration — is spending money it doesn’t have on programs it can’t afford, and “we the taxpayers” are the ones who will pay for it.