The Hamilton Foundation was founded over 35 years ago as a 501C3 nonprofit foundation. The foundation has taken up various causes over the years and is currently focusing on solutions to our growing national fiscal crisis.
The basic Financial problem that America faces is it is spending more than it is taking in. In theory, the solution is to spend less and or take in more. Unfortunately, in our divided government we have one party that doesn’t want to spend less and the other party doesn’t want to take in (tax) more.
Today we have a total Federal debt of over $34 trillion dollars. The interest alone on this debt is rapidly approaching $1 trillion dollars a year. Congress continues to have battles yearly on extending the Federal debt limit.
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