National debt is immoral because it is a tax on the unborn.
Why not? There is only 11.5 years left...
Eventually it leads to dictatorship when things fall apart.
For everyone else...if you lose, you lose.
Why worry about the big hole in the roof? It’s sunny today!
There is no question it will eventually collapse and when it does it will be beyond ugly. In fact as many on FR have noted there is a wide division already present in America. Americans sadly no longer share a common consensus of basic values. Many have speculated about coming widespread violence and a second civil war. A severe economic crisis or collapse may be the spark to ignite the inferno.
Spending is too high, debt is too high, but the interest that the government pays on its debt is still low.
We have the best economy in the world, and it has room to be a lot better.
t’s all a big battle to who can get to the center of the circle first.
An article written by he Center of Budget and Priorities policies people is a perfect example as they talk about the cuts that would get the budget in line:
“The budget proposes deep cuts in non-defense discretionary (NDD) programs alongside sizeable defense increases, which it would fund through a massive budget gimmick.”
It’s called tough love. And a big part of that are programs like the ACA and welfare programs that were put in place by liberals to trap their constituents.
“The budget would add millions to the ranks of the uninsured by repealing the Affordable Care Act (ACA) and making deep cuts in Medicaid.”
The ACA was already making a huge hole in social security and medicare. And medicaid is nothing more than medicare for medicare, as a secondary insurance.
“The budget would cut assistance that helps struggling families afford the basics, including food and rent.”
TANF stands for Temporary Assistance for Needy Families and is administered by the U.S. Department of Health and Human Services. Emphasis on the word temporary here, not permanent. And the economy is booming again, get a job. And if you can’t support a family on your own, why did you marry?
“The budget likely shrinks funding for infrastructure over time.”
Everything costs money. If it can’t support itself, then don’t build it. And aren’t bridges and infrastructure the responsibility of states, not the feds? Governmental welfare for the govenment?
“The budget’s tax cuts and program changes would increase income inequality and widen racial disparities.”
Ahh, that’s the weapon. Pull the race card.
This is part of the reason there is a need for trying to stay up with the needs that were already put in place. A loaf of bread in 1965 was 77 cents. Now over $2 in many places. And whose fault is that?
rwood
Most government jobs exit to provide a middle class lifestyle to otherwise unemployable people. They are simply an alternate form of welfare that also serves as riot suppression.
But, but, everyone LOVE their *FREE* s* (even the (R)N(C) party of ‘small govt’ BWHAHAHahaha)
It’s pretty clear that neither political party is serious about reining in spending, and if one ever is, the other will just use it as a wedge against them to gain political power.
It’s worked so far because we have been the world’s reserve currency and every attempt to move off the dollar thus far has failed or floundered. That can’t be guaranteed to happen forever, and if it does, it would impact the US far later than the rest of the world because we can still survive as a nation without foreign imports and exports.
And yet, the government can still borrow for 10 years at 2.08%.
The only way to end this is term limits.
In Blobbocracy We Tru$t
A gubamint that devours its people is no gubamint worth keeping around.. jmho.