What About the Debt? Trump’s SOTU Ignores a $20 Trillion Time Bomb

“No one wants to cut spending. You know why? It’s just no fun man…

Right now the politicians think they have an unlimited credit card and that as Dick Cheney once asserted, deficits (and the debt) don’t matter.

Horse pucky. Deficits matter. Debt matters.

But the GOP wants to spend because the voters, for the most part, want them to spend. But what happens when interest rates start to really creep up again? You got it, more and more tax dollars going to finance the debt. And it could get quite nasty.

Sadly this game will likely go until it physically can’t.”