Most Americans, particularly those who pride themselves on being educated simply because they have a college degree, should think seriously. This is very important.
They are being hoodwinked or lulled at best by politicians who tell them that government “experts” know all about spending and deficit control. Any politician or bureaucrat with a short-term horizon that consists of his or her term in office is never reliable on this score.
Especially politicians unfriendly to, or unfamiliar with an understanding of capitalism.
Our tremendous deficit will spell enormous inflation. Or a loss of currency value. Not very soon, but eventually.
And the loss of the eminence of America. As an economic and, therefore, a political as well as military entity.
The loss of the dollar as a reserve international currency is now underway. The ability to protect U.S. global interests in the future will be diminished in this process.
Do not treat unlimited government spending lightly. The repercussions can be extremely serious in matters of our economic and national security.
Remember: We always contend with other nations who may spend more wisely than we do.
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