The Washington Examiner: “The national debt has surged more than half a trillion dollars in the last three weeks, as the suspension of the debt ceiling in late October has allowed the government to borrow as much as it wants.
Before the debt ceiling was suspended, the national debt stood at $18.15 trillion. But over the last 22 days, it soared $578 billion.
As of Friday, total national debt stood at $18.72 trillion.
Opinion: Political analyst, Pat Caddell’s speech at a November 6 Restoration Weekend event, spoke on the state of American politics: why Hillary will not be president and the state of decline he sees in America.
I took this excerpt from the speech because in addition to the moral and spiritual decline of our nation, most Americans agree that a fundamental pillar of our society has been lost due to a mountain of debt:
“Let me tell you about the state of American politics that this put in play. And I want to start with something you will not hear from any of the candidates, which is, in fact, I would believe, the environment that they should start with, which is — first of all, I want to describe three attitudes that exist in this country.
Seventy-two percent of the American people flat-out say the United States is in decline. Okay? Seventy-two percent. Sixty percent of Americans believe that they inherited from their parents a better life than their parents had. The same percentage believe their children will have a worse life than they had, which is to me the abrogation of the single largest moral commandment of being an American — that we give our children better than we had. And that is being dissipated by debt, by all of the things going on in the eating of the seed corn and also a sense of our moral environment.
And I would say this — you know, if that happens, if we let that happen — and this is not some issue to stick between roads and Medicare or something. This is the greatest moral issue in this country. Because if we fail that test, there will still be a place called the United States, but there will be no America.
For 21 generations, Americans have lived to that moral commandment. And that we do not hear.”
President Obama once called the debt accumulation under President George W. Bush un-American. Obama has since doubled that amount.