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McRae: Put Our Fiscal House in Order | State Treasury of Mississippi
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Newsroom McRae: Put Our Fiscal House in Order It likely goes without saying, but our nation’s fiscal house is a mess. Over the last few weeks, we have lurched from one financial crisis to the next. A budget needed to be written, the government had to be funded or agencies would begin to shut down, and a decision had to be made as to whether America would be allowed to pay our outstanding debts or face default. The numbers being thrown around are eye-crossing – $3.5 trillion in spending, $28 trillion of debt, a $6 trillion budget. Needless to say, it left many Mississippians, including myself, craving a real conversation about restoring fiscal discipline in America. Today, the national debt sits at around $28 trillion. That breaks down to about $84,848 worth of debt for every man, woman, and child in the United States. What’s perhaps most...
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