On our current trajectory, the CBO warns that just four fiscal years from now – in 2022 – our annual deficits will surpass a trillion dollars. That’s where economists warn we run the risk of damage or even loss of our access to credit – a sovereign debt crisis.
Our current defense spending is about where it was at the peak of the Reagan defense buildup after adjusting for inflation. It is about the same as the next eight most powerful military forces on the planet COMBINED – and six of those eight are already our allies.
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Vote Note on H.R. 601
H.R. 601 – Three-month Debt Limit Suspension, $230 billion of general spending and $8 billion for Emergency Hurricane Relief.
HR 1628 – American Health Care Act: YES. Obamacare is collapsing. Last year’s average premium increase of 25 percent is expected to balloon by another 40 percent this year. Last year there was only one provider in a third of American counties; this year entire regions will be without ANY providers.