Thursday, March 22, 2018

Who Cares About the National Debt?



I view myself as a fiscal conservative and believe when our debt level exceeds our ability to pay for it, or other nations lose confidence in our ability to repay -- the government will fail.  But that is not a view held by either party in our Federal Government, so why bother talking about the national debt at all?
For eight years the Republican’s complained about the Obama administrations debt spending, yet once they controlled both the legislature and executive they have done precisely as the past administration.  Over the past six months, I think they increased the national debt by $1,000,000,000,000.92, all while blaming the villainous Democrats.  Of course, the Democrats helped all this with their Trumpmania conspiracy theories that fill the news cycles.
Let’s get real.  You don’t get to govern and then complain about how those other guys are making you spend all this money.  The only question between the Democrats and the Republicans is who gets to benefit from the spending? 
In the past administration, despite all its allusions, deflections and pointless rhetoric about protecting the poorest, it was Wall Street, insurance companies, internet giants, and the bankers who made out like bandits.  Savings accounts earned next to nothing, welfare was pretty much on autopilot, and the unemployment rates slowly came down as people abandoned the workplace.
In this administration, it seems to be the military-industrial complex, the insurance companies, bankers and investment firms that will make all the money despite the allusions, deflections and pointless rhetoric about returning money to the middle class.
I will never again believe a Republican when he or she says they are concerned with the national debt.  The number is, as the Democrats have pointed out, a self-imposed value serving solely as a club to beat over the head and shoulders of your political rival.
In the immortal words of that great economist, social commentator, and philosopher Stan Lee - ‘nough said!

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