Noting that "we had the debt eclipse the $34 trillion mark in January," David Williams of the Taxpayers Protection Alliance says it is imperative that taxpayers hear from candidates of every level of office about the deficit and the debt.
"It is critical that politicians talk about this during and after the campaign," he says, as unfunded liabilities could "really explode" the debt to more than $100 trillion.
"When you look at the national debt of $34 trillion, you're looking at interest payments that could eclipse $1 trillion in just five to 10 years," he explains.
The biggest risk, he says, is that the countries from which the U.S. is borrowing may call in those debts, and that could be disastrous for America's economy.
"We don't have the cash, and that could mean higher interest rates, and that could mean an economy absolutely collapsing," Williams warns.
He also thinks it would be nice to see more news outlets covering the topic.
"Right now, the media is distracted by things that are not deficit and debt related, and that's really unfortunate, because that's what the media should be talking about," the watchdog submits. "That's what Congress should be talking about. They should be holding hearings; they should be bringing in each agency to find where they can make spending cuts."
He calls the lack of talk and the lack of attention "very troublesome," considering the debt and the hundreds of billions of dollars that will be spent on the interest alone.
