WASHINGTON, D.C. — In response to news that the U.S. national debt has reached a record level of $33 trillion, Adam Brandon, FreedomWorks President, commented:
“As a result of decades of reckless spending by both parties, and continued squabbling over basic discretionary spending reform, our national debt has for the first time surpassed $33 trillion with no signs of slowing down. Our country is well on its way to toppling $50 trillion in debt in less than seven years.
“The single greatest threat to the U.S. is not China, it is not AI, it is our massive debt. The federal government borrows roughly $73,000 every second of the day. I came to D.C. because I care about spending, and lawmakers must realize that if we cannot address the incessant spending coming out of Washington, our country will cease to exist.
“The current fiscal battle on Capitol Hill is only the beginning of what should be a serious overhaul of the federal government’s annual budget. Discretionary spending is only a third of all federal outlays. However, the majority of our debt is being fueled by mandatory spending — specifically, entitlement programs. If Washington refuses to acknowledge the serious need to reform programs like Medicare and Social Security, 95 percent of our future debt will be driven by them. This path is unsustainable.”