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It’s Fine. Everything Is Fine. 👍
I know, as the mainstream media tell us, it’s a “far right” position to want a balanced budget, but the federal deficit & accumulated debt should be the #1 national issue we are fighting. Here are four reasons why:
- Increased Taxes. As the debt continues to explode out of control, you can bet there will be more calls for tax increases, and not just on “the rich.” Watch for proposals such as a national sales tax and a value-added tax, plus additional fees on guns, gas, junk food, alcohol, marijuana, tobacco, and virtually anything else they can con voters into supporting.
- Inflation. New taxes won’t nearly be enough though, which means the only choice will be to print money and further devalue the dollar, meaning even more inflation.
- Increased Government Size = Less Freedom. Whenever government spends more, it grows in size. In other words, more bureaucrats, more agencies, more regulations, etc.–all leading to less freedom.
- More Interest = Less Money for Everything Else. As the above tweet illustrates, interest will increasingly consume available funds. Pick any area where you think money should be spent–defense, education, health care, roads, etc.–all will have less money available.
Maybe we should pay a little more attention to those crazy, “far right” politicians who mention it as an issue.
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