•••
Like all humans, I will pass away someday (when, yet to be determined). I would like to chisel into stone my absolute scream of frustration over a super important issue that not 10% of the U.S. population is even slightly interested in — or perhaps just not willing to face.
As you likely know, this year our national government will pay out $1 trillion in interest on the national debt while the national debt itself will grow by around $4 trillion. That interest payment is 1 million piles of $1 million each. Under current laws, expenditures, budgets, etc., the interest on the debt could grow to $3 trillion by a budget showdown in 2028 (source: U.S. National Debt Clock). All this not considering any new spending (vote buying) included in the promises of the current election candidates.
Nor can one believe that smarter heads will prevail and prevent this 150-mph race to the cliff without a guardrail. Which politician would even dare to seek national office by calling for a $2 trillion cut in the federal budget (that is our current budget deficit)? History, both long term and recent, clearly shows that other countries have democratically sailed right off the edge of the cliff without making any cuts to spending whatsoever. For example, by 2010 Greek governments of each and every political party supported massive deficit spending in election after election with the voting public believing that somehow, some way, something would save Greece from a catastrophic economic collapse. Madness prevailed, no one would loan Greece any more money, the Greek economy collapsed, and it took the country years of life-destroying cuts and zero economic growth to regain any improvement in that economic mess.
Of course, during President Barack Obama’s administration a bipartisan committee of Congress did put forward a plan, which was quickly rejected by Obama, as it would have been immensely unpopular with the voting public.
Thus, this scream. Useless, but now done.
Eamon Anderson, Chisago City, Minn.