Quote from Savings Beagle on February 2, 2022, 3:38 pm

Obviously, I'm being facetious.  There should be no Champagne popping going on.  A $30 trillion debt amount is absolutely nothing to celebrate.

We at Savings Beagle have done our best to highlight this issue, and its potential ramifications for the U.S. economy and the average American's lifestyle.

Unfortunately, as we've seen for many years, even decades now, our political leaders just ignore the matter.  And that's not good.

Here's a snippet from the Peterson Foundation's current CEO's statement on hitting the $30 trillion milestone.

“The milestone of $30 trillion in debt should be a giant red flag for all of us about America’s future economic health, generational equity, and role in the world. Our high and rising debt makes us less prepared for the next pandemic, less secure against future adversaries, less resilient to the changing climate, and less able to build the strong and inclusive economy that we all want for the next generation."

You can read the full statement at this link.

The Peterson Foundation aside...they've done a fairly good job, along with a few other organizations, of keeping the issue somewhat in the news...it's a bit frustrating to see a number of articles highlighting the $30 trillion mark being published.  Just because the number's hit a nice even point doesn't make it any more important than when the U.S. debt crossed the $23 trillion point, or $27 trillion, or any other trillion-dollar level. 

It's been a serious issue for quite some time, and those same media outlets now publishing articles because of a nice round number should be ashamed of themselves.

But, at least the U.S. debt is getting a little play in the mainstream news...even if it will be forgotten in the next day or two, just as our elected officials want.

If you take anything away from Savings Beagle, make it that U.S. spending is on a dangerous course, and without our elected officials doing something to address the issue, we all will suffer.