DEBT FRET: In their First Speeches to Congress, New Presidents Aguish About the National Debt
When presidents come into office, traditionally their first big speech to Congress is about the budget. Like President Trump this past week.
Instead of a State of the Union address, new presidents share their economic agenda and vision for the coming four years.
And almost always in that big budget speech, they anguish over the escalating national debt.
Like President Ronald Reagan in 1981…
Our national debt is approaching $1 trillion. A few weeks ago I called such a figure, a trillion dollars, incomprehensible, and I've been trying ever since to think of a way to illustrate how big a…
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