Rep. Ken Buck told Just the News that the national debt is $30 trillion when the actions that the Federal Reserve has taken during the pandemic are factored into the total.
"This troubles me greatly but all I see is more spending. So how high do we get? We are going to continue to spend until the markets say enough is enough and nobody buys the bonds and then we have the cliff that we go off of," Buck said during an exclusive interview.
"So I hope long before then we act responsibly and dial this back. But the reality is that we are at 30 trillion because we've authorized the Fed to engage in, you know, debt, accumulating more debt. And so I think that the spending is one of the largest issues to come out of this COVID. And unfortunately, there's no conversation in Washington D.C., about how to pay this money back," he also said.
The government spent $864 billion more than it took in during June, bringing the deficit to a record $2.7 trillion so far this year.