There is a big lie that we in the United States keep telling ourselves. It is particularly true on the political Right, but it’s true across the board.
Here’s the lie: We want our government to be fiscally responsible in some way, shape, or form. It’s clearly a lie because we keep electing politicians who eschew being fiscally responsible in any way, shape, or form, regardless of who runs the government.
The spending keeps going in one direction — and that direction is up. There’s a reason we are running a $34 trillion national debt at this point in time, and it is likely that that more debt is going to continue to accrue because nobody takes this problem particularly seriously.
And they’re not going to take that problem seriously until we run smack into a wall.
That is typically how fiscal crises work: A country spends too much money. They’re unable to rein it back in…
