Senator James Lankford (R- OK) has issued an urgent plea to the Trump administration: start taking the national deficit seriously or else the nation could slip into irrevocable fiscal failure down the line.
In a revealing conversation on this week’s OppCast, Lankford lamented that the national debt was almost entirely absent as a talking point during the whole of the presidential campaign.
“There was no conversation, Republican or Democrat,” Lankford said. “But I try to tell people, if we were actually able to get our budget balanced within ten years – which would require us to be very aggressive, but we can manage that in ten years – and if we could manage to build up a $50 billion surplus each year, it would take us 460 years in a row of having that $50 billion annual surplus just to pay off our current debts.”
“So anyone who thinks this is a simple problem,” Lankford added, “needs to understand how bad the debt has really become, and how hard this will be.”
But what can be done to fix it? This week on OppCast, we break down why Trump must lead the way to bring our nation out from under a mountain of debt.