Nation’s debt epidemic must be taken seriously
On Friday, the Treasury Department announced that the U.S. budget deficit has hit an all-time high, of $3 trillion. That is just for the first 11 months of the fiscal year. Billions upon billions of dollars more will be added to the total. Obviously, the vast majority of this year’s deficit is linked to the pandemic. Had Congress and President Donald Trump not acted, the economy could well have plunged into a full-fledged depression. In any event, tens of millions of Americans laid off from their jobs would have suffered dreadfully, even more than they have. Still, that $3 ...