Our national debt surpassed $40 trillion, yet very few in Washington are worried about addressing this crisis. I put forth the Six Penny Plan to make even, across-the-board cuts so we can balance our budget in five years. All it takes is cutting six cents from every $1 the federal government spends.

US National Debt has increased by $715 billion since July 1 while the 10-Year Treasury yield has jumped from 4.48% to 4.75%. Washington’s solution? Increase buybacks of longer-dated Treasuries to $4 billion. But swapping longer-maturity debt for shorter-maturity debt doesn’t solve the underlying problem: we’re still borrowing at an alarming pace. Until that changes, the upward pressure on rates will remain. Video:

US National Debt is now 124% of GDP, 4x higher than the early 1980s. This isn’t coming after a depression or world war. We’re running massive deficits during an economic expansion with the unemployment rate at 4%. That should concern everyone. Video:

Our national debt sits at $40 trillion, and Washington still hands out taxpayer-funded welfare to those here illegally. My End Welfare for Non-Citizens Act ends federal funding for programs like TANF, Medicaid, and SNAP for refugees, asylees, and illegal aliens.