Inflationary Debt: America’s Downfall
In the early 1980s, I was working as a residential mortgage broker when I bought my first home for $90,000. To make it possible, I took out a first mortgage and a second loan at 13% interest. Together, they totaled $149,000—an enormous burden driven by sky-high rates. From that moment on, I vowed to make interest work for me, not against me. Today, our nation faces a similar burden—only this time, it’s not one household, but the entire country. America’s decline is being driven by spiraling debt. Conservatives once prided themselves on fiscal restraint. That mantle has been abandoned. How can anyone claim the title of “conservative” while presiding over runaway borrowing that accelerates inflation and erodes the nation’s economic foundation? The numbers speak for themselves. The U.S. national debt has surged past $38 trillion, just two months after crossing $37 trillion. That’s a $1 trillion increase in barely eight weeks—an astonishing $5...