Dumping Debt On Our Children

Something really pissed me off today. I'm going to talk a little politics, but I think you will agree with me regardless of your political affiliation.

Take a look at this chart and you'll immediately understand what I mean. It's time to take a hard look at our political system in this country.

1) In the past 37 years, every administration regardless of political party has increased the level of government spending. Clearly both parties are horrible at managing taxpayer money.

2) Politicians cannot be re-elected by voting for budget cuts. Every cut take money away from *someone* who will be pissed at election time. Politicians who advocate budget cuts are charged with not caring about the poor or the elderly or children or national defense, etc. So the budget must continue to rise as new programs are added while nothing is deleted.

3) The government is an expense that produces nothing. While there is a need for some national programs, the government simply takes taxpayer dollars and redistributes those funds. Government produces nothing. Government is inefficient. Our tax burden, both as a percentage of income and percentage of economic output continues to rise over time. This is an unsustainable trend.

The chart shows future national debt levels based on projections by the Congressional Budget Office AND the White House. The numbers are a nightmare and likely understated! Government projections have a long history of being too optimistic.

As citizens, we need to make it clear to our leaders that enough is enough. We cannot continue to fund everything for everyone. Our tax burden is among the highest among industrial nations and growing every year. This is not only going to affect our children, but likely will put *us* into an economic depression if we allow it to happen. Perhaps a Balanced Budget Amendment is necessary. Perhaps a tax revolt a la the Boston Tea Party. I don't know the answer, but I know that our leaders are rapidly driving us toward a cliff and it's pissing me off!

What do you think?