Rep. Ralph Norman Warns of Ticking Time Bomb as Interest Burden Grows

During Wednesday’s “Reigniting American Growth and Prosperity Series: Removing the Burdens of Government Overreach” hearing, Rep. Ralph Norman (R-S.C.) expressed reservations about President Joe Biden’s policy and fiscal responsibility, insisting the mounting interest burden facing the nation is a ticking time bomb.
“We’ve got $660 billion in interest alone. That’s going to surpass our military budget.,” he said. “You’ve got to face it at some point.”
House Democrats are largely united in their condemnation of debt ceiling negotiations. Rep. Alexandria Ocasio-Cortez (D-N.Y.) called the actions of Republicans “reckless” and “irresponsible” as the U.S. government approaches insolvency….}