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Letter to the Editor: National debt spiralling out of control, says reader

Our national debt has increased from $10.6 trillion to $16 trillion in 4 years. Each taxpayer owes more than $140,000 as their share of the debt. Not a person in any nation of the Euro zone owes as much as we do. Our national debt increased more in the last 4 years than it did in the previous 17 years. Thirty-two cents of every dollar our government spends is borrowed. We spent $479 billion on interest this year and that figure would have been larger except a lot of our debt is borrowed at low interest.

Last year our credit rating was lowered because we didn’t pass a budget on time. Interest i...

 

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