This day represents a new high in the history of U.S debt. Today our debt is $34 trillion. Mere months ago, in September, we passed $33 trillion.
By contrast, at the end of 2008, government debt had climbed to $10.3 trillion, and thus has more than tripled since then. Last year, the Biden Administration collected $4.9 trillion in taxes and spent $7 trillion.
There is no faster trigger to inflation than massive deficit spending. Such spending is unconscionable and the mounting debt is unsustainable. The more we spend, the more we owe to our creditors. As such, roaring down the track, at ever-increasing speed, a disastrous crash farther down the line is totally predictable.
I’ll Buy That
Thomas Jefferson noted that our republic will end when people figure out that they can vote themselves increasing goodies from the treasury. We have arrived at the point which Jefferson so wisely observed more than 225 years ago.
Our federal government spends money in every direction imaginable, sticking its mitts into places where it has no business. More people are dependent upon more government transfer payments than ever before. Once people become attuned to such payments, it's nearly impossible to reduce them without prolonged howls of protest.
As entitlement mania sweeps over the populace, politicians who promise the most are more likely to be elected or reelected. As the size of government expands, the amount of freedom that each citizen enjoys diminishes. The equation is simple: A gargantuan, ever-growing government ultimately means greater restrictions on those governed. A prudently limited government, by contrast, means more individual freedom.
President Trump did an admirable job in reducing burdens and regulations, particularly those that stifle the operations of small business. The Biden Administration has no such resolve. The regulations propagated by our federal bureaucracy have exploded in ways that seemed impossible a few years ago. The number of regulations, their complexity, and their intrusiveness are now beyond the pale.
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Intrusiveness Over the Top
The Biden Administration seeks to regulate our kitchen stoves, refrigerators, lawn mowers, cars – you name it. They've got their sights set on what we buy, what we sell, how we entertain, and where we go. They want to regulate what we drink, what we eat, and where we do it.
Once an overly restrictive regulation is enacted, it represents the combination of a long line of expensive maneuvers. First, there were elected representatives, their staffs, consultants, contractors, federal bureaucrats, policymakers, policy enforcers, and a whole series of wonky government employees all feeding at the federal trough, long before the regulation ever saw the light of day.
When a regulation does see the light of day – already an expensive maneuver – it extracts even more from us. Either limiting our freedom or requiring us to spend more of our hard-earned pay, or both, regulation is costlier than most people presume.
Full Throttle
A massive array of regulations has a distinct and horrendous impact on us individually and collectively. The gleeful regulation zealots in the Biden Administration seek to dramatically increase the breath, scope, and number of regulations that will have profound and serious impacts on each and every one of us.
These zealots couldn't care less. Why? They know in their heart of hearts that they are the wisest among us. They understand exactly what America needs today and what will propel America in the future. Just ask any of them.
On their path to fallacious notions of a utopian society, if they're not stopped, they will ruin society. Left unchecked, in their self-congratulatory echo chamber, their civilization-destroying ideas are supported in every direction that they can discern. The compliant press, fawning academicians, and tech giants continually reinforce the notion that the regulation zealots are cultural champions, onto something historic with their unprecedented expenditures and their ever-burdensome regulatory powers.
Victory or Bust
Making 2020 look like child’s play, the Democrats will cheat in major ways in 2024, aided and abetted by a corrupt Department of Justice, a crime-ridden FBI, a meddling and dangerous CIA, a complicit or compromised corporate America, and legions of federal bureaucrat wokesters who operate with impunity in their drunken reign of power. If the Leftists are re-elected, there will be no turning back from the disastrous path upon which they tread.
We cannot and must not allow this to happen.
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