Merry Christmas: Federal Debt Up $1.37 Trillion Since Last Dec. 25; $10,743 Per Household
(CNSNews.com) – The federal government has added another $1,370,760,684,441.54 to the debt since last December 25, according to numbers published by the U.S. Treasury.
On Dec. 25, 2017, the federal debt was 20,492,874,492,282.58, according to the Treasury.
According to the latest numbers published by the Treasury, which show where the debt stood on Dec. 20, 2018, the federal debt was $21,863,635,176,724.12.
HOUSE DEMOCRATS ARE LINING UP BEHIND WHAT COULD BE THE LARGEST EXPANSION OF GOVERNMENT IN DECADES
- Democrats are lining up to support Alexandria Ocasio-Cortez’s “Green New Deal.”
- The proposal could be the largest expansion of government since the Great Society or New Deal.
- Ocasio-Cortez’s plan could cost tens of trillions of dollars.
Democrats are increasingly lining up to support a “Green New Deal,” which, while vague on details, could end up being the largest expansion of government in decades.
As it stands, the “Green New Deal” is more aspirational than actual policy. Indeed, it takes its name from the New Deal of the 1930s, and its main backer, incoming Democratic New York Rep. Alexandria Ocasio-Cortez, compared it to the Great Society of the 1960s.
More than 40 Democratic lawmakers support the “Green New Deal” as part of a broad plan to fight global warming and bring about what they see as “economic, social and racial justice.” A poll found most Americans supported the deal, but knew little about it.
But the big question is when Americans find out what’s in the “Green New Deal,” will they be willing to pay for it?
Ocasio-Cortez’s “Green New Deal” calls for creating a House committee to draft legislation to fight global warming and turn the U.S. economy into something akin to what Vermont Sen. Bernie Sanders envisions. Indeed, the “Green New Deal” could be a preview of what policies the Democratic Party will back in the 2020 elections.