1. Uncontrollable U.S. Debt: The U.S. Debt Clock displays the inevitability of American decline — a “ticking time bomb” of data and financial evidence — especially the following three.
The U.S. government’s total unfunded liabilities — the combined amount of payments promised without funds to recipients of Social Security, Medicare, federal employee pensions, veterans’ benefits and federal debt held by the public — stand at $212 trillion, and are rapidly increasing. For context, that number was just $122 trillion as recently as 2019 and is projected by the Debt Clock to reach $288.9 trillion by 2028.
That is an unimaginable amount of money — more than a quarter of a quadrillion dollars. When or if the government is forced to reduce payments, pensions or services to hold things together, or to default on its debt, the consequences will be brutal.
The second ticking bomb is the U.S. debt. At $34 trillion, it has increased more than six-fold from $5.6 trillion in 2000. Of that $34 trillion, $731 billion has been accumulated through interest payments — the fourth-highest annual U.S. budget item. (If you are keeping score, the third-highest is $851 billion for Defense, exceeded by Social Security at $1.39 trillion and topped by Medicare-Medicaid at $1.72 trillion.)
Like an irresponsible credit card user, the federal government is perpetually borrowing more money to make the interest payments as they come due. And the interest payments on the newly refinanced debt will be much higher due to recent and significant rate-hikes.
Finally, the $34 trillion national debt, as a percentage of the nation’s $27.8 trillion economy entails a debt-to-GDP ratio of 122.30 percent, headed to 150 percent by 2028. That’s up from 56 percent in 2000 and 36 percent in 1980. Don’t expect any meaningful discussions or solutions from either party about these three “bombs” as their timers tick away.
2. Low student achievement: If our nation is to dig itself out of that harrowing debt trap, it will need successive generations of superstar students, armed with skills and creativity. Someday, they will invent and harness technologies to manufacture state-of-the-art products and related services, fueling an economic boom that boosts the GDP.
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Underly and our long term disastrous reading results….
WEAC: $1.57 million for Four Wisconsin Senators
Legislation and Reading: The Wisconsin Experience 2004-
“Well, it’s kind of too bad that we’ve got the smartest people at our universities, and yet we have to create a law to tell them how to teach.”
The data clearly indicate that being able to read is not a requirement for graduation at (Madison) East, especially if you are black or Hispanic”
My Question to Wisconsin Governor Tony Evers on Teacher Mulligans and our Disastrous Reading Results
2017: West High Reading Interventionist Teacher’s Remarks to the School Board on Madison’s Disastrous Reading Results
Madison’s taxpayer supported K-12 school district, despite spending far more than most, has long tolerated disastrous reading results.
“An emphasis on adult employment”
Wisconsin Public Policy Forum Madison School District Report[PDF]
WEAC: $1.57 million for Four Wisconsin Senators
Friday Afternoon Veto: Governor Evers Rejects AB446/SB454; an effort to address our long term, disastrous reading results
Booked, but can’t read (Madison): functional literacy, National citizenship and the new face of Dred Scott in the age of mass incarceration.
When A Stands for Average: Students at the UW-Madison School of Education Receive Sky-High Grades. How Smart is That?