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Reader's View: The US has a spending problem

The tax cuts came at a time that appears to be showering gasoline on a fiery economy, and it is estimated they will cause a $1.5 trillion addition to the sovereign debt.

Another $1.5 trillion is wanted for infrastructure. The defense budget is intended to increase substantially, adding to the $500 billion congressional deal that's still pending.

The high wall for the border has a high cost, too. The 10-year treasury is pushing 3 percent. Add nearly $3 trillion to the $20 trillion debt already in place and multiply by 3 percent, for example, and that will yield a number higher than projected for defense spending.

Does it matter to China or other large U.S. debt-holders? Does it even matter at all when we sooner than most suspect spend more than $700 billion in interest on national debt?

Jim Waldo

Duluth