• Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • US NEWS
  • America First
  • Opinion
  • World News
  • Second Amendment
Friday, October 17, 2025
Illinois Review
  • Login
  • Register
  • Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • US NEWS
  • America First
  • Opinion
  • World News
  • Second Amendment
No Result
View All Result
  • Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • US NEWS
  • America First
  • Opinion
  • World News
  • Second Amendment
No Result
View All Result
Illinois Review
No Result
View All Result
Home Illinois News

Rossi: The U.S. Debt “Bomb” Just Exceeded $29 Trillion

Illinois Review by Illinois Review
December 20, 2021
in Illinois News
Reading Time: 2 mins read
A A
2
26
SHARES
438
VIEWS
Share on FacebookShare on Twitter

AdobeStock_176406827-1750x1143

You might also like

State Rep. Norine Hammond Accused of Abusing Campaign Funds Through “Non-Itemized” Self-Payments

Norine Hammond’s Campaign in Crisis: McCombie Sends Paid Knockers as Voters Revolt, Refuse to Sign Petitions

Pritzker, Johnson Spend $2.5 Billion on Illegal Aliens While Black Infants Die at Alarming Rates

By Randy Rossi - 

I am just amazed the fact that our national debt just exceeded $29 trillion was not front page news everywhere. Could it be that most Americans don’t realize how much debt $29 trillion is? Let me put that amount in perspective, the U.S. debt as of 9:30 AM on Friday 12/17/20210 was $29,034,459,293,000!. That means that every new born child has $87,147 of debt on its shoulders the minute it is born! Every tax payer has $229,706 on their shoulders. Don’t believe me? Simply Google US Debt Clock. How bad is this debt? Well in 1960 the U.S. debt was 52.10% of the national GDP. Today, the U.S. Debt is 125.92% of the U.S. GDP. Folks, that is a recipe for disaster. And the Democrats are trying to increase that debt by close to $5 trillion through their insane “Build Back Better” plan.

Sadly, a lot of that debt is tied to government programs that reward people for not working to buy their votes. That political concept goes all the way back to the Roman Empire which fell because of “The insidious poison of free bread and circuses” as Edward Gibbons summarized in his great book “The Decline and Fall of the Roman Empire”. Thomas Jefferson also warned us of the danger of “free bread and circuses” when he said “Democracy will cease to exist when you take away from those who are willing to work and give to those that are not”. Right now businesses can’t get enough people to work for them because of all the “free bread and circuses” our government is giving to the people.

Debt is dangerous and people have known that for thousands of years. As the Bible said in Proverbs 22:7, “The borrower is slave to the lender”. Cicero warned his fellow Romans about debt and corrupt politicians 2,000 years ago when he said “The budget should be balanced, the Treasury should be filled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance”. Sadly, the Roman people didn’t listen to him and the Roman Republic fell into a dictatorship! John Adams updated the warning on the danger of debt when he said “There are two ways to conquer and enslave a nation. One is by the sword and the other is by debt”. Can we not learn from the past? I can assure you that Thomas Jefferson could not even begin to imagine that America would have $29 trillion of debt today!! We are leaving our children and grandchildren a debt disaster!

Related

Share10Tweet7
Previous Post

Pritzker emergency No. 23 comes as Colorado drops masks

Next Post

Members Of Congress And Their Families Traded Over $630 Million In Stocks This Year

Illinois Review

Illinois Review

Recommended For You

State Rep. Norine Hammond Accused of Abusing Campaign Funds Through “Non-Itemized” Self-Payments

by Illinois Review
October 17, 2025
0
State Rep. Norine Hammond Accused of Abusing Campaign Funds Through “Non-Itemized” Self-Payments

By Illinois ReviewA formal complaint filed under Illinois election law early Friday morning, accuses State Representative and House Deputy Minority Leader Norine Hammond (R-Macomb) of misusing campaign funds...

Read moreDetails

Norine Hammond’s Campaign in Crisis: McCombie Sends Paid Knockers as Voters Revolt, Refuse to Sign Petitions

by Illinois Review
October 16, 2025
0
Norine Hammond’s Campaign in Crisis: McCombie Sends Paid Knockers as Voters Revolt, Refuse to Sign Petitions

By Illinois ReviewIllinois House Republican Leader Tony McCombie and her closest ally, Deputy House Republican Leader Norine Hammond, are facing an unprecedented revolt from constituents – many of...

Read moreDetails

Pritzker, Johnson Spend $2.5 Billion on Illegal Aliens While Black Infants Die at Alarming Rates

by Illinois Review
October 16, 2025
0
Pritzker, Johnson Spend $2.5 Billion on Illegal Aliens While Black Infants Die at Alarming Rates

By Illinois ReviewAs Illinois Democrats boast about their “compassionate” policies for illegal aliens, the tragic reality is that compassion doesn’t extend to their own citizens – especially to...

Read moreDetails

GOP Leader Norine Hammond Takes $50K from Liberal Groups Backing Transgender Lessons, Mask Mandates, Anti-Trump Agendas

by Illinois Review
October 15, 2025
0
GOP Leader Norine Hammond Takes $50K from Liberal Groups Backing Transgender Lessons, Mask Mandates, Anti-Trump Agendas

By Illinois ReviewIllinois State Representative and Deputy House Republican Leader Norine Hammond (R-Macomb) is drawing sharp criticism from conservatives after campaign finance records revealed she accepted $50,000 from...

Read moreDetails

PillowGate: McCombie and Norine Hammond Face Growing Backlash Over Taxpayer Spending and Political Favoritism

by Illinois Review
October 14, 2025
0
PillowGate: McCombie and Norine Hammond Face Growing Backlash Over Taxpayer Spending and Political Favoritism

By Illinois ReviewA new controversy is stirring within the Illinois Republican Party – one that threatens to undermine its message about fighting corruption and protecting taxpayers. State Rep....

Read moreDetails
Next Post

Members Of Congress And Their Families Traded Over $630 Million In Stocks This Year

Please login to join discussion

Best Dental Group

Related News

IL Freedom Caucus calls on Lurie Children’s Hospital to cease gender services for kids

October 27, 2022

Beckman: Is the Brigham Young University racial slur controversy another hoax?

October 27, 2022

Salvi polling shows closer race

October 27, 2022

Browse by Category

  • America First
  • Education
  • Faith & Family
  • Foreign Policy
  • Health Care
  • Illinois News
  • Illinois Politics
  • Opinion
  • Science
  • Second Amendment
  • TRENDING
  • US NEWS
  • US Politics
  • World News
Illinois Review

llinois Review LLC Editor-in-Chief Mark Vargas General Counsel Scott Kaspar Copyright © 2025 IR Media Corp., all rights reserved.

Navigate Site

  • Checkout
  • Home
  • Home – mobile
  • Login/Register
  • Login/Register
  • My account
  • My Account-
  • My Account- – mobile

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • Health Care
  • US NEWS
  • America First
  • Opinion
  • TRENDING
  • Education
  • Foreign Policy
  • Second Amendment
  • Faith & Family
  • Science
  • World News

llinois Review LLC Editor-in-Chief Mark Vargas General Counsel Scott Kaspar Copyright © 2025 IR Media Corp., all rights reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?