economy
February 24, 2026
The State of the Union we need to hear
If I were writing the State of the Union address this year, it would begin with a sentence every American deserves to hear plainly, specifically that the state of our economy is strong, but the financial state of our nation is not.
TL;DR
- The U.S. economy is strong, but the nation's financial state is not.
- For over 25 years, Washington has accumulated deficits regardless of party control.
- The national debt is near $39 trillion, with a debt-to-GDP ratio of about 125%, excluding over $100 trillion in unfunded obligations.
- Ignoring fiscal warnings compounds the problem for future generations.
- Proposed solutions include term limits for Congress, reducing the federal government's size, reforming entitlement programs (Social Security, Medicare, Medicaid), and simplifying the tax system.
- A constitutional amendment for fiscal responsibility is needed to make changes permanent.
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