“The borrower is slave to the lender.” Proverbs 22:7(b) (NASB95).
My name is Abraham Hamilton, III and this is The Hamilton Minute.
Sustained deficit spending has pushed the national debt to $31.38 trillion in 2023, according to U.S. Treasury data. Interest on that debt alone will soon eclipse both entitlements and defense spending combined.
Republicans and Democrats have gorged on runaway spending and kicked the debt can down the road saying we’ll get to that later. What’s become increasingly clear, is that there isn’t much road left to kick the can.
Debt is one of our nation’s largest vulnerabilities and with existential threats surrounding us on the global stage, that vulnerability is being exposed to our enemies. We must reverse course immediately and aggressively.
