Tue, Mar 12
|Virtual Event
Town Hall with US Senate Candidate Josh Randall
We need “to get serious about dealing with the fiscal nightmare that looms unless the nation finds a way to stop its rapidly growing national debt, which just passed $34 trillion, less than four months after it passed $33 trillion." -The Deseret News. Come discuss the solutions with Josh.
Time & Location
Mar 12, 2024, 5:50 PM – 6:50 PM MDT
Virtual Event
About The Event
Come discuss with Josh how we're going to fix these problems.
"The day of reckoning is coming. Last November, the University of Pennsylvania’s Penn Wharton Budget Model published a report that estimated the nation will reach a crisis stage when its debts total about 200% of its total economic output, or GDP. At current spending levels, it said this will happen in about 20 years. The report said that will be the likely point at which investors begin to doubt whether the U.S. is capable of paying its debts. When that happens, "no amount of future tax increases or spending cuts could avoid the government defaulting on its debt whether explicitly or implicitly"... Today’s lawmakers should be so focused on avoiding this that they spend every waking hour laboring to get spending in line. Such a day of reckoning would hamper the nation’s ability to do much of anything, from border security to helping allies that may be under attack from hostile nations.” – Deseret News Editorial Board
https://www.deseret.com/opinion/2024/1/11/24031720/government-shutdown-budget-compromise