It seems the government, including local government, is relentlessly coming up with new ways of spending more taxpayer dollars. And much of the spending is sold to the public by stating how the spending will help the children.
I thought that those who are spending all this money may want to look at things from a different point of view if only for a millisecond.
First, yearly total government spending (federal, state, and local) is $6.4 trillion or 41 percent of GDP. Total government spending is getting closer and closer to total private spending.
Furthermore, of the $6.4 trillion government spends, it takes in only $5.2 trillion. Meaning, it borrows $1.2 trillion every year to pay its bills (I’m talking total government.).
Obviously, all this government spending can’t last. At some point many of these government assistance programs (not to be confused with Social Security, which is paid into for many years by most recipients, but free government assistance programs) will have to be eliminated for the simple fact the country will not be able to borrow any more money to pay for them, which will cause forced economic austerity, the key word being forced.
The more programs and projects that are started means more dependent people, which means more people, that at some point, will lose their benefit and be put in a very difficult if not impossible situation.
Maybe government officials should look at the bigger picture and ask themselves what happens when we can’t borrow any more money or another really bad recession comes?
Maybe instead of spending more money, we should pay down debt and build up more rainy day funds, so at the very least, all the people who already depend on government assistance can continue to receive it during even harder times?
Or another way to look at it is to look at it from a child’s point of view. If a kid is 12, in just six years he or she will be an adult, do we really want to keep adding more debt that will eventually have to be paid back by the children who we claim we’re helping so much?
Yes, we have gotten ourselves into a terrible situation. Americans must borrow trillions of dollars every year to pay our bills.
But, continuing to spend and spend and spend is only going to make it much worse in the future for everyone including the children.