Hollow Promises
Ben Everidge for Thomas
Credit: iStock PointImages
Beware, America…
Protecting democracy is equal to building up the economic security of our citizens. But we must all be careful in this season of hyper-political jockeying to question whether hollow campaign promises on the economy by candidates for the presidency and Congress mean they understand the ramifications of their party’s economic expectations of them if elected in November.
In Florida, for example, Republican incumbent Senator Rick Scott and Democrat challenger Debbie Mucarsel-Powell are competing to see who can be more extreme regarding the economy and their hollow promises if elected in November. More troubling to independents and more responsible Republicans and Democrats is that Rick and Debbie will be expected to toe their party’s radical economic agenda if elected.
Their party expectations situation is repeating itself across the nation.
For context, look at where we are on our current national debt. We are already $35 trillion in debt with Rick and Debbie and their respective party leadership promising trillions of dollars more with their campaign promises seeking advantage with Florida’s voters. How many other states are experiencing similar dynamics?
We also pay $2 billion a day, or $730 billion a year, in interest payments on financing that debt. How will Rick, Debbie, or their parties pay for all this new deficit spending beyond tax increases, tariffs, and Social Security and Medicare cuts either is proposing today that are woefully inadequate for making up the difference?
