RALEIGH, NC — There’s a lot of talk in Washington these days about debt — and for good reason. The federal government reached the $14.3 trillion debt ceiling one month ago today. And the Obama administration has set a date of Aug. 2 for Congress to raise that limit.
Why does this matter? There are economic implications for all Americans, but the generation under the age of 40 faces some of the biggest challenges from the country’s massive debt.
That’s why Heritage has launched an education tour called Slay the Beast: How You Can Save Us From the Massive Debt. Tonight we’re on the road in North Carolina for another presentation to the Debt-Paying Generation. (Thanks, by the way, for your suggestions for explaining the size of a trillion.)
Because we can’t visit every city and small town, we’re making our presentation available for the first time. It includes several info-graphics that tell the story of the county’s spending habits, our recent history with the debt and why this problem poses such a big threat in the future.
Over the past month, Vice President Biden has met with a bipartisan group of lawmakers to reach a compromise on the debt limit debate. As the politicians in Washington discuss our future, we want to make sure you’re informed about the implications.
For more about this problem and the solutions to solve it, check out Saving the American Dream: The Heritage Plan to Fix the Debt, Cut Spending and Restore Prosperity.