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I found the front page article on Nov. 25 to be well researched and written but I have to admit the timing is suspicious. And that the interest on our national debt would warrant the front page of the Minnesota Star Tribune has me at a loss for words (“U.S. debt is risk to Trump’s promises”).
Nevertheless, it is no secret that both Donald Trump and Joe Biden spent freely in the past eight years and our debt has gone from approximately $16 trillion to $36 trillion during that time period. It is also no secret that the inflation rate and the increased costs of basic goods, especially groceries, weighed heavily on voters’ minds as they went to the polls this election. Since 2020, inflation has grown as COVID caused issues with manufacturing and supply chains, but Biden’s response with more giveaways just piled on unnecessarily. How is it that just now the media realizes how this affects our national debt?
When the inflation rate was near zero, payments were lower. Now, with interest rates where they are, “Congressional Budget Office projections indicate that debt service costs next year could exceed $1 trillion. That’s more than projected spending on defense. The total is also greater than nondefense spending on infrastructure, food aid and other programs under the direction of Congress,” according to the article.
Every president elected in this century has kicked this can down the road. It would be nice to see a president actually address this very real issue. It is already a burden on us at a cost of $2.74 billion per day. It will only grow to be a bigger burden for our children and grandchildren unless something changes.
Tim Rubash, Apple Valley
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