The US debt is skyrocketing, and both parties are doing nothing to rein it in. As of today, we have brought in 4.4 trillion dollars in tax revenue. As of today, the government has spent 6.1 trillion dollars. That means, so far this year, we have spent 1.7 trillion dollars more than we brought in tax revenue. This has a direct bearing on inflation and on the dollar’s devaluation.

This doesn’t account for the fact that we have almost 200 trillion dollars in unfunded liabilities. We had an opportunity to draw down some of our debt in the vote to increase the debt ceiling. Unfortunately, our Congressman Mike Ezell voted with the Democrats to increase the debt ceiling. We were at 32.4 trillion dollars, and within a couple of weeks, we went to 33 trillion dollars. Now, just a few months later, we are at 33.65 trillion dollars in debt and hurtling towards 34 trillion dollars. And with this debt ceiling increase, they have decided not to hold another vote on an increase until January 2025. After the 2024 election, they don’t have to fight during the election. Which, of course, means that our deficit could hit 36/38 trillion dollars by then.

The more money the government prints, the less value our dollar has, which increases inflation. We have already seen our dollar devalue against the peso and many other currencies worldwide. Countries like China and India are trying to replace the dollar with other currencies. We can make the dollar the go-to currency again if we just enact sane fiscal policies. I will fight every day to put our fiscal house in order. We can’t let the swamp win. We can balance our budget and get out of this fiscal train wreck of spending more than we bring in with common-sense solutions.