[From article]
The national and global discourse makes this association: Debt is to good financial practice as cancer is to good health.
[. . .]
Our partner, government, is doing us wrong. We lived our lives not completely ignorant of what was going on, but lazy enough not to stop it. We heard the warnings, but were not very motivated to heed them. We heard about the fiscal cliff a few years ago, not realizing that we sailed off the cliff in the 1950s or 1960s, maybe before, and now we are in free fall. They say it’s not the fall that kills you, but the sudden stop at the bottom, and our partner cares nary a bit.
As I look back over my fifty-plus year life in America, growing up in a medium-sized city, attending average public schools, going to public college, and working regular jobs as a regular guy, I’m realizing that a large proportion of my America was bought with borrowed money.
[. . .]
Since 1930, the government has run deficits in 74 of the 87 years. (See historical figures published by OMB.) From 2006 to 2015, the average of deficits has been 770 billion dollars, per year.
[. . .]
On top of all that disillusionment, deficit spending has financed a whole bunch of bad things, such as global warming research, corporate bailouts, multiple wars, and the entire Obama administration. I would like to think that eliminating deficit spending would cut the bad stuff first, but I’m probably being naïve.
This evening, think back over your life and consider all the things that were bought with borrowed money. Has this diminished the value and meaning of your life by some fraction? The America we loved was, at least partially, no better than an impulse buy.
http://www.americanthinker.com/articles/2015/08/the_debt_deception.html
August 8, 2015
The Debt Deception
By Hank Wallace
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