(Just The News)—Sen. Ron Johnson, R-Wis., said Thursday that the U.S. is mortgaging the next generation’s future as the U.S. is on track to spend $89.3 trillion over the next 10 years.
“We’re mortgaging our children’s future,” Johnson said on a Just the News special with the Association for Mature Americans (AMAC). “It’s wrong. It’s immoral. It’s gotta stop. There you go. That was my campaign theme in 2010 that got me elected. It’s been my primary focus again.”
Johnson has been one of the Republicans in the Senate opposed to President Donald Trump’s “big beautiful bill” that passed the House earlier this month. Johnson, like some other Senate Republicans, is opposed to the bill because of concerns about how much it will increase the deficit. The Department of the Treasury says that the country’s deficit is $1.05 trillion for the fiscal year 2025. The bill also includes key factors of the president’s agenda, such as no taxes on tips, increased border security funding and extending the president’s 2017 tax cuts.
Johnson said when he was elected to the Senate in 2010, the debt was only $14 trillion. “Now it’s $37 trillion,” Johnson said. “The current CBO estimate, the most recent one-they have projects spending $89.3 trillion over the next 10 years, incurring another $22 trillion worth of deficits. That means $2.2 trillion per year.”
Johnson said the government doesn’t have a revenue problem, but a spending problem.
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The Biggest Threat to Your Retirement Is Actually a Very Good Thing
When you look at the headlines today, you’ll see experts in the retirement industry warning about big threats to your financial security:
- De-dollarization and the rise of BRICS
- Soaring national debt
- Unstable interest rates
- Weakened U.S. dollar
All of these are real concerns. But they aren’t the biggest threat to your retirement savings. The true risk isn’t political, monetary, or global.
It’s longevity.
Why Longevity Is the Silent Threat
For most of human history, the problem was the opposite — life expectancy was short, and few people even reached retirement. Today, thanks to medical advancements, healthier lifestyles, and better living conditions, people are living longer than ever before.
And while that’s a wonderful thing, it comes with a financial catch: Your retirement account has to last far longer than you might expect.
- A 65-year-old couple today has a 50% chance that one of them will live to 90.
- Some projections suggest that many of us will live well into our 90s, even 100+.
- This means your nest egg may need to stretch not for 15 years, but 25, 30, or even 40 years.
That’s where the real danger lies: running out of money before you run out of life.
The Retirement Equation Has Changed
While market volatility, debt crises, or central bank policies may feel like the scariest threats, they’re temporary storms. Longevity, however, is a structural shift. Every extra year of life is another year of expenses, another year of inflation erosion, and another year of financial pressure.
If your retirement plan doesn’t account for longevity, you could face tough choices later in life — downsizing, working when you’d rather not, or becoming financially dependent on others.
How to Take Control
The good news? Longevity is a blessing — as long as you’re prepared for it. With the right planning, your retirement savings can work for you instead of against you. The key is learning how to protect your wealth, outpace inflation, and ensure your savings grow even as you live longer.
That’s why our friends at Augusta Precious Metals created a free resource to help you get started:
👉 Get Instant Access to the report, “How to Take Full Control of Your Financial Future”
This brief report will show you practical strategies to safeguard your retirement from the biggest threat of all — the one that comes from the gift of living longer.
Don’t let longevity catch you unprepared. Take the steps today to secure tomorrow.
