All my life, as well as I can remember, supposed experts have been saying our deficit spending is going to bankrupt the country. Sooner or later that has to happen. If we don’t stop borrowing, eventually we will get past a point of no return. Will it be another 50 years? Longer? Shorter? The warnings I recall from the 70s were no less dire than today, with this article as an example. There is more data now; it looks bad. There is more inflation now, but for some reason, it doesn’t look bad. There are more growth and global trade now, and it is hard to tell how much that matters. Regardless, we are overspending and over-borrowing. Sooner or later, the bills come due. If we don’t reduce spending soon, the day of reckoning will be grim indeed.

Yes, I was paying attention 50 years ago. It is why it is hard to get excited about the latest alarm. I’ve heard it all before, and nobody else seems to remember. My cynicism has been acquired honestly, and its payment was (and is) extracted painfully.

Every step of the way, the role of government at all levels has increased. Every step has been made harder by that government involvement.

We need less government in every way.

The video at the end of the article is worth watching, in my opinion.

Source: The US Is Burying Young People and the Unborn Under a Mountain of Government Debt – Foundation for Economic Education