Column By Mike Bibb
After reading the pros and cons of “Trump’s Economic Vision for 2025,” Gila Herald, April 21, 2025, in which various scenarios were discussed regarding the possible success and failures of his White House economic proposals, I couldn’t help but notice there wasn’t a single word about a topic that could ultimately have more impact than any other plan — the interest on our $37 trillion debt.
It’s being reported that the annual interest payment on this massive amount is as much as we spend on defense.
Only interest continues to grow, while defense and other government expenditures will eventually be adversely impacted to some degree.
There’s only so much money to go around. Out-of-control government expenditures, unbelievable waste, and mismanagement have brought us to the edge of financial calamity.
Taxes, more borrowing, and spending haven’t proven to be successful solutions; the $37 trillion in the hole is ample evidence of this.
Nor is ignoring it, as if it doesn’t exist.
As a result, prices continue to increase, the dollar is worth less, and houses, cars, and everything else cost three times what they’re worth.
And rising.
The opinions expressed in this editorial are those of the author.
