Bolton Calls National Debt ‘Economic Threat’ to U.S.

[TomSea]

Bolton Calls National Debt ‘Economic Threat’ to U.S.
By Toluse Olorunnipa

U.S. National Security Adviser John Bolton called the national debt a “threat to the society” that requires significant cuts to the government’s discretionary spending.

Bolton, speaking Wednesday at an event hosted by the Alexander Hamilton Society in Washington, said he expects U.S. defense spending “to flatten out” in the near term. He said he didn’t anticipate major cuts to entitlements such as Medicare and Social Security.

“It is a fact that when your national debt gets to the level ours is, that it constitutes an economic threat to the society,” Bolton said. “And that kind of threat ultimately has a national security consequence for it.”

Read more at: https://www.bloomberg.com/news/articles/2018-10-31/bolton-calls-u-s-national-debt-economic-threat-to-society-correct

[Applewood]

And once again, Bolton is correct. 

Unfortunately, despite all the promises to bring it down, the debt grows at an alarming rate.