***News Release***
Growth Is the Highest Priority for the American Economy; Without It, Deficit Will Never Be Paid
Nationally Syndicated Host Dan Celia Says Paying America’s Debts Is Critical for Future Generations
PHILADELPHIA—More than six months ago, nationally syndicated host and biblical investing authority Dan Celia wrote that President Donald Trump needed to be reminded of the desires of his base, especially when it comes to the national debt.
Growing weary of administration officials and the president himself not addressing the debt, Celia said paying America’s debts was critical for future generations.
“We cannot ever pay our deficits or national debt without growth,” Celia said. “Growth is the highest priority for an economy such as ours; nothing good, from an economic perspective, can happen without a pro-growth administration. We need to begin to start the process of generating revenues toward our national debt, but not toward more spending for special interest groups or lobbyists. The second most important issue is shrinking the size of the government, reducing the size of budgets and addressing things that can be fixed easily, such as Social Security, Medicare and Medicaid. Without a combination of growth, less government and deficit reductions, creating a sustainable thriving economy for many generations will be impossible.”
Those in Washington, however, do not seem to believe the national debt is a serious concern, Celia added. On Jan. 18, Celia said in Townhall.com, where he is a featured columnist, that the nation is living in an economic “Twilight Zone.”
“I am reminded that we have had Democrats and Republicans in Washington, D.C., who for a long time have lived in an altered universe,” Celia wrote. “They rationalized that we could either spend our way into prosperity, or come up with clever ways to grow our way into total prosperity while ignoring our debt. In either scenario, depending on the party in control, we would supposedly solve all of our debt problems, labor participation problems, and concerns about wages and inflation.
“Creation of growth in the economy is one of our nation’s biggest priorities. It is one of the greatest drivers in reducing the size of our national debt as we grow a sustainable and stronger economy. But we can’t—and will not—have sustainable growth, prosperity and economic stability without a strong, detailed and unwavering plan to downsize the federal government.
“My fear is that in all our enthusiasm to achieve economic growth, higher wages, more people working and more opportunities for people to realize the fruits of the American dream, we will ignore another necessity. While all these factors will create a thriving economy, we cannot ignore the need to simultaneously shrink the size of government. We cannot believe that spending our way into prosperity, along with the gross tax revenues a healthy economy generates, is going to be sustainable in future generations.
“I believe this administration has done more for economic growth over the last 12 months than any administration has for the past 16 years. For this improvement to continue for future generations, and for conservatives to keep Washington and America on course—not to something new, but back to where it once was—we must cut costs, the national deficit and the size of the federal government. That is why I hope to soon see a plan to reduce our national debt.”
Celia also encouraged his readers and listeners to share the article with their legislators to bring attention to the issue.
Celia discusses these and other global and economic headlines on his daily, three-hour “Financial Issues” program, heard on about 650 television and radio stations nationwide.
Read more about Celia, FISM and “Financial Issues” or visit the FISM website, its Facebook page, on YouTube at Financial Issues with Dan Celia or on Twitter @financialissues; download the FISM app here.
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