The National Debt is above 15 trillion dollars with no signs of shrinking any time soon. On top of the federal government spending too much, many state and local governments continue to spend money that they don’t have. Unfortunately for our government there is nobody to bail them out like a failing company (unless you count China buying our bonds).
The solution to the national debt is actually pretty simple, and it’s something that every individual has to abide by (except for morons who don’t know how to use credit cards), don’t spend money that you don’t have. Seems simple enough, but instead of cutting back on government programs we keep adding them. I wouldn’t be opposed to adding government programs if they were self sustainable, or weren’t run like complete shit. How bad are government programs? When was the last time you heard someone say “I can’t wait to go to the DMV” or “filing taxes was easy” or “I’m surprised the Post Office loses billions of dollars a quarter”. The first thing that comes to mind when most people think of the government is inefficiency and waste, and for good reason.
Anyone calling for more taxes is at the same time calling for more of our money being thrown down the drain. Am I right? Or am I right?