U.S. Debt Crisis
& Fiscal Responsibility
Advocacy
ADVOCATE
EDUCATE
EMPOWER
In the last 20 years, the U.S. debt has skyrocketed from $1 trillion to over $34 trillion. This unprecedented increase poses significant challenges to the nation’s economic stability and future prosperity. Our mission is to raise awareness, educate the public, and advocate for responsible fiscal policies and accountability to address this critical issue.
Did you know the national debt has grown over $34 trillion over the last
20 years:
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This staggering increase reflects a compound annual growth rate (CAGR) of approximately 17%, driven by a combination of factors including increased government spending, tax cuts, economic stimulus measures, and rising interest costs.
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"The rapid escalation of the national debt underscores the urgent need for comprehensive fiscal reforms and responsible budget management to ensure long-term economic stability and prosperity." April Griffin
Debt
Over $34 Billion
What is the National Debt? The national debt reflects years of budget deficits where government spending has outpaced revenue. This massive debt burden impacts every aspect of our economy, from interest rates and inflation to national security and public services.
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Understanding National Debt? National debt is the total amount of money the U.S. government owes to creditors, including public debt (held by investors) and intragovernmental debt (owed to government programs).
Deficit
Over $800 Billion
What is a Federal Deficit? The federal deficit, occurs when the government spends more than it earns in a year. This persistent shortage contributes to the growing national debt and poses significant challenges for fiscal policy and economic stability.
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Understanding Deficits? The deficit is the shortage amount between government revenue (mainly taxes) and expenses. Its persistent deficit amounts that add to the national debt.
How the U.S. Budget Breaks Down
The federal budget is divided into three main categories: mandatory spending, discretionary spending, and interest on debt. Understanding how each component contributes to the overall budget is essential for grasping the complexity of the fiscal situation.
Mandatory Spending=73%
Mandatory spending accounts for 73% of the federal budget and includes entitlement programs like Social Security, Medicare, and Medicaid. These programs are required by law and automatically funded each year, making them the largest component of the budget.
73%
Discretionary Spending=27%
Discretionary spending makes up 27% of the federal budget and is determined annually through the appropriations process by Congress. It includes a wide range of government programs and services, from defense and education to infrastructure and public safety.
27%
16%
Interest on
debt=16%
Interest payments on the national debt consume 16% of the federal budget. This mandatory expense represents the cost of servicing the debt accumulated from years of budget deficits.
Over $1.5 Trillion
Deficit Annually!
"As the U.S. economy expands, the percent of funding outlays for mandatory spending has grown to 73% of the U.S. Budget, particularly in the areas of healthcare and Social Security. This increase in mandatory spending has contributed to budgetary shortfalls, resulting in annual deficits exceeding well over $1.5 trillion annually forging a way forward towards an unsustainable debt trajectory." April Griffin
Impact of supporting Fascial Responsibility
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Lower Taxes
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Increased Public Services
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Lower Interest Rates
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Decreased Inflation
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Restored Economic stability
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Increased Fiscal Flexibility
The debt-to-GDP ratio provides insights into U.S. ability to pay off its debt. This ratio is a crucial measure of our country's fiscal health and economic stability.
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Strong economically developed countries generally operate at 75% or lower debt to GDP ratio.
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While U.S. currently operates above 100% and is projected that this ratio will double in 20 years.
Ways to promote Fiscal Responsibility & Accountability
Monetary policy involves the management of a nation's money supply and interest rates by its central bank to achieve macroeconomic objectives such as controlling inflation, managing employment levels, and maintaining financial stability.
Fiscal policy involves the use of government spending and taxation to influence the economy. It is primarily managed by the national government through its budgetary decisions.
Regulatory policy involves the establishment and enforcement of rules and regulations to manage economic activity, protect consumers, ensure fair markets, and promote safety and environmental sustainability.​
April Griffin MBA |MPA
As a country, we lean on debt to aid in resolving our toughest crises but after all is done we don't pick up the mantle of responsibility to ensure the sustainability of our future economic conditions.
Stand with us as we advocate for fiscal responsibility to bring awareness to the issues of debt and the policy resolve needed to foster a stronger more resilient economy for generations to come!
April Griffin MBA |MPA
Economic Developer & Community Activist
Keynote Speaker
April Griffin is the founder and owner of 'Remedy Way' and a visionary who coined the field of Financial Diversity and Inclusion (FDI). With her profound understanding of the fiscal challenges that businesses and nonprofit organizations face, April developed the RW3x—a comprehensive data tool for financial management. Her dedication to fiscal responsibility extends to her role as a speaker, where she engages diverse audiences to highlight the urgency of the national debt crisis and advocate for significant policy reform & reconstruction.​
April also pioneered the HDI2 index, an innovative metric designed to assess the economic health and well-being of communities. Her extensive framework of experience provides valuable insights that enhance the forward mobility of various industries. Through a combination of supportive data and researched insights, April aims to bring awareness to economic shortfalls that hinder economic growth and social mobility. Her platform champions fiscal responsibility, emphasizing the need for preparation, preparedness, and proactive policy adjustments to ensure the advancement of financial security for all.
