It must end
While the 2020 Democratic presidential field is promising ridiculously expensive new programs that will push the U.S. further into the poorhouse, the federal government already is doing its best to beat them to it.
The feds spent a record $3,727,014,000,000 from October through July, the first 10 months of fiscal 2019, the Treasury Department says, leaving a $866,812,000,000 deficit.
Total federal revenues in the first 10 months of fiscal 2019 added up to only $2,860,202,000,000, while revenues from individual income taxes were $1,428,904,000,000 during the 10-month period.
We cannot help but think that at some point the profligate spending of money the nation simply does not have will come home to roost. The national debt already tops $22 trillion and the flow of red ink shows no sign of abating.
It would be easy to blame Congress or President Donald Trump for the ongoing spendfest, but the real culprits are not all in Washington, D.C. As Pogo would say, “We have met the enemy and he is us.”
Unless and until Americans loudly demand reduced spending, our elected representatives – at the state and federal levels – will be loathe to turn off the money spigot and reduce the size of government. That is all-too-easy to see in Alaska as entrenched interests have proved they will say or do just about anything to retain, or even increase, the size of government.
It will end only when enough of us say it must end and vote out those who ignore us. Hopefully, that day will come before the nation and state end up in financial ruin.