Members of Congress are filing back into Washington next week, rested from their August recess and ready to confront the nation’s mounting fiscal challenges. Their return comes as the national debt surged past $37 trillion — a troubling milestone that underscores the urgency of making debt reform a central focus before the problem grows even harder to solve.
With that record debt, taxpayers deserve a government that treats every dollar of spending with seriousness. Years of inaction compounded the debt, shrinking the nation’s fiscal flexibility and ensuring harsher future adjustments. We are currently running deficits of $2 trillion a year, and the debt has doubled in the last six years. The consequences are not theoretical. The debt bubble is the primary reason inflation surged during the Biden years, a hidden tax that steadily erodes every paycheck.
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