The Committee to Unleash Prosperity has launched a new campaign warning Americans about “reckless” government spending.
A nonprofit organization has launched a new billboard campaign in New York City’s Times Square warning Americans about the “time bomb of $34 trillion in government debt.”
The Committee to Unleash Prosperity (CTUP) announces an advertising campaign with 50-foot-tall billboards will run for three months to “dramatically convey the threat posed to the American people” by “reckless” spending in Washington, D.C. did.
The billboard depicts people fleeing the country’s rising debt burden, before an explosion erases the screen and displays the message: “Are you scared of your nation’s debt? You should.”
“This exhibit is part of CTUP’s efforts to educate Americans about the existential threat posed by rising government debt spending that drives up prices and threatens national bankruptcy,” the group said in a statement to FOX Business. said.
US national debt exceeds $34 trillion for the first time in history
A billboard in Times Square depicts people fleeing the rising numbers of the U.S. national debt. (Committee to Unleash Prosperity)
CTUP states on its website that its mission is to “educate policymakers and the public about government policies that are proven in practice to maximize economic growth and equitable prosperity in the United States and around the world.” ing.
“The Commission’s mission is neither partisan nor political,” the website adds. “Our mission is simply to identify the policies best suited to unlock prosperity and educate policymakers on best practices for achieving equitable prosperity.”
Earlier this year, the U.S. national debt exceeded $34 trillion for the first time.
Check the amount owed by American taxpayers in real time
A billboard in New York City flashes the message: “Afraid of the national debt? You should be.” (Committee to Unleash Prosperity)
By comparison, 40 years ago, the national debt hovered around $907 billion.
The national debt is expected to nearly double over the next 30 years, according to the latest findings from the Congressional Budget Office. By the end of 2022, the national debt had increased to approximately 97% of gross domestic product.
Under current law, this number is expected to jump to 181% by the end of 2053, a debt burden that far exceeds previous levels.
The US national debt exceeded $34 trillion for the first time in January. (Julia Nickinson/via Bloomberg/Getty Images)
Click here to read more on FOX Business
Maya McGuineas, chair of the nonprofit Committee for a Responsible Federal Budget, said in January that the United States cannot stop borrowing, even though our debt levels are dangerous to both our economy and our national security. I can’t do it,” he said.
FOX Business’ Megan Henney contributed to this report.
