Part 4/6:
He painted a sobering picture: soon, the government would be paying approximately $16,000 in interest per American family annually. Rather than addressing this mounting debt, the proposed bill would provide a modest $1,600 tax cut, effectively prioritizing short-term relief over long-term fiscal health.
His estimate suggested that over the next decade, the national debt could balloon by $20 trillion. However, he cautioned that the actual figure might be closer to $30 trillion, considering the sheer scale of unchecked borrowing. This level of debt would impose a heavy toll on future generations, increasing the financial burden on families across the nation.