An Amy Winehouse Government: Our Spending and Debt Binge

By:  Ralph R. Reiland
08/03/2011
       
An Amy Winehouse Government: Our Spending and Debt Binge

It feels like we’re dealing with an Amy Winehouse form of governing. “These overdoses happen because these guys drink 20 beers and then reach for their heroin,” a friend of mine said after the late star’s recent death, at 27. “You can’t think straight once you’re totally blitzed.”

It seems the same with our politicians, overdosed on their own importance. Their non-straight thinking and out-of-control spending has already put us $14.3 trillion in the hole at the federal level, not counting the tens of trillions in unfunded entitlement liabilities, and they’re still racking up $4 billion per day in new red ink.
 
Even with the new debt deal to supposedly cut $2 trillion or $3 trillion in federal spending over the next 10 years (a cut in projected future spending, not a cut in the absolute sense), the national debt would still firmly be on a trajectory to increase by another $8 trillion to $10 trillion over the coming decade.

It feels like we’re dealing with an Amy Winehouse form of governing. “These overdoses happen because these guys drink 20 beers and then reach for their heroin,” a friend of mine said after the late star’s recent death, at 27. “You can’t think straight once you’re totally blitzed.”

It seems the same with our politicians, overdosed on their own importance. Their non-straight thinking and out-of-control spending has already put us $14.3 trillion in the hole at the federal level, not counting the tens of trillions in unfunded entitlement liabilities, and they’re still racking up $4 billion per day in new red ink.
 
Even with the new debt deal to supposedly cut $2 trillion or $3 trillion in federal spending over the next 10 years (a cut in projected future spending, not a cut in the absolute sense), the national debt would still firmly be on a trajectory to increase by another $8 trillion to $10 trillion over the coming decade.

Click here to read the entire article.

Porfessor Ralph R. Reiland (photo)

The JBS Weekly Member Update offers activism tips, new educational tools, upcoming events, and JBS perspective. Every Monday this e-newsletter will keep you informed on current action projects and offer insight into news events you won't hear from the mainstream media.
JBS Facebook JBS Twitter JBS YouTube JBS RSS Feed