The $33T Jackpot!

"What we see today, is the results of too many people riding in a wagon that too few people are pulling. This is what makes a great nation, a poor nation."      

It just seems like yesterday, when our national debt was approaching $20T. Everybody thought that might be the end of the rainbow. Or at least, the end of the American dream. Why? It was unsustainable. Carrying that much debt was not healthy for a growing economy. But we zipped right past the $20T debt mark, and then headed for $25T. And then for $30T. And now we are looking at making $35T in a year or so. Does it matter? Many think not.

One more word on the $20T mark. It only took us seven years to spend an additional $13T of money we don't have. At the current rate of spending, our national debt could be $50T by the end of the decade. 

There is an old saying that our national budget should be similar to family budgets which are hammered out on the kitchen table. Really? If that were the case, I would have spent every penny I have saved, borrowed as much as I could from the bank, and maxed out my credit cards. The trajectory on that kind of budget would be very short indeed. Most families would crash and burn in just a few months. 

Not to castigate Democrats, but I will. I know, I know. Both parties have been equal opportunity spenders. But the Democrats are all in for the Biden nonsense, in what this old man has done to our country. Spent money on crap, and important things left undone. In fact, after Joe Biden came into office, he jacked up spending so much, that inflation came out of hiding for the first time in years. And as most of us know, when inflation rears its ugly head, the Fed will soon counter with higher interest rates.

We have become junkies to the sloppy process of continuing resolution budgeting. It is a horrible and lazy way of doing the nation's business. The Democrat panic merchants have already been heard caterwauling in the distance. "If the government shuts down, our defense department will shut down. Seniors will not get their social security checks. Vets will not get their VA payments." Blah, blah blah. It is all BS. I like Vivek's idea the best. Fire about 75% of the people who "work" for the government. That will square some budgeting circles.

Welcome to Neverland. The land where our bills never get paid. But as the Democrats say, "if we just all paid our fair share, things would be fine". One minor problem with that statement. There is not enough tea in China to zero out our national debt.

Forget about the 33 with all those zeros behind it just for a minute. What we see today, is the result of too many people riding in a wagon that too few people are pulling. This is what makes a great nation, a poor nation. Now we can think about the 33 with all those zeros behind it.