“Free Lunch” Magical Thinking at Root of National Debt Problems
I believe that most people, regardless of their political beliefs, would agree that the level of our federal government’s spending and taxes has been “highly influenced” by what our politicians have considered important to their re-election. Add to this the reality that most citizens want their fair share of any “free lunches”, then you have Politicians + Citizens = we now have the perfect storm for excess spending and under-taxation.
About half the citizens are duped into thinking they can get their free lunch in the form of low taxes and the other half are duped into thinking that they can get theirs via specific spending that benefits them. Many citizens think they can get both – and they do. Of course most of us citizens don’t think that we have been duped. No, we all “deserve” and have “earned” what we want… yeah right!!!
All this patriotism on the part of our politicians and citizens just gives me goose bumps. All kidding aside, it angers me that this nonsense is part of what our service men and women are risking their lives to defend.
Assuming this premise, nearly all spending areas of the federal budget are higher and nearly all taxes are lower than our country can afford. Of course, there are exceptions in both areas where maybe our politicians and citizens experience moments of “statesmanship” and “individual responsibility” and agree upon a competent decision.
Over the next two days there will be two more articles published that will address Excess Spending and Under Taxation with some specificity. Reductions in spending and increases in taxation will be suggested. You will note that my suggestions affect all significant areas of the budget. This is not due to an attempt to be politically correct by asking all Americans to chip in…it is due to my belief in the premise noted above. There are systemic and people reasons why our country is in the financial trouble we are in…