Spending & Debt Threaten National Security

Unconstrained domestic spending and 20 years of wars have created a $29 trillion national debt that exceeds our nation’s entire $23 trillion gross domestic product (GDP). That sum threatens to implode the nation’s ability to project power and defend itself.

President Joe Biden’s spending has added insult to injury. Since January 2020, he has spent at least $6.82 trillion, which is larger than the entire U.S. GDP in 1993 when Bill Clinton became president. It is also larger than the total national debt on September 11, 2001, which stood at $5.8 trillion. One of Osama bin Laden’s goals on that day was to bankrupt the U.S. “We are continuing this policy in bleeding America to the point of bankruptcy. Allah willing, and nothing is too great for Allah,” he later said in 2004. Consider that since it began, the War on Terror has cost $8 trillion — just above the president’s nine-month total.

JR

About the Author

John Rossomando

John Rossomando is a national-security analyst.

Featured Tags

Unconstrained domestic spending and 20 years of wars have created a $29 trillion national debt that exceeds our nation’s entire $23 trillion gross domestic product (GDP). That sum threatens to implode the nation’s ability to project power and defend itself.

President Joe Biden’s spending has added insult to injury. Since January 2020, he has spent at least $6.82 trillion, which is larger than the entire U.S. GDP in 1993 when Bill Clinton became president. It is also larger than the total national debt on September 11, 2001, which stood at $5.8 trillion. One of Osama bin Laden’s goals on that day was to bankrupt the U.S. “We are continuing this policy in bleeding America to the point of bankruptcy. Allah willing, and nothing is too great for Allah,” he later said in 2004. Consider that since it began, the War on Terror has cost $8 trillion — just above the president’s nine-month total.