Yesterday was Tax Day, an annual reminder that our tax-and-spend government continues to get taxier and spendier.
Fox News is reporting that Donald Trump will be holding campaign events across the country this week to do some damage control in the wake of his unpopular tax cuts, but the destruction being caused by Washington’s spending addiction should be the real headline for Tax Day 2019.
Although, to be fair, many faux conservative media sources have their hands full right now pushing McConnell’s “vote Republican because #notSocialist” 2020 campaign rhetoric, so we shouldn’t be surprised if they’re too busy to be bothered with something as petty as the inevitable bankruptcy of America.
In a report issued last week by the Government Accountability Office titled “The Nation’s Fiscal Health: Action is Needed to Address the Federal Government’s Fiscal Future,” we were provided with an update on the nation’s fiscal health at the end of FY 2018 and what lies ahead if fiscal policy isn’t changed.
Some of the findings included in the report are:
- The federal government’s current fiscal path is unsustainable
- The federal deficit increased to $779 billion — and will reach $1 trillion in the next few years for the first time since 2012
- Publicly held debt was 78% of GDP at the end of FY 2018 and will surpass its historical high of 106% within 13 to 20 years — sooner than projected last year
- Other agencies join GAO in saying that the longer action is delayed, the greater and more drastic the changes will have to be
Alexis de Tocqueville, the French legal and political scholar, politician, and historian who is most known as the author of the book Democracy in America (pub 1835 – 1840), has been attributed for this quote: “The American Republic will endure until the day Congress discovers that it can bribe the public with the public’s money.”
Whether these are the words of de Tocqueville or not is irrelevant. The reality is they are 100% true as we are witnessing in Washington today.
With Republicans and Democrats always in election-season mode, policies are decided based on how they affect political parties instead of America’s needs. This has given birth to finding new and better ways for them to buy votes, and it’s why we’re seeing Democrats promoting socialist ideas like Medicare for all, paid family leave, and the Green New Deal heading into 2020.
However, despite claims to the contrary, Trump and the GOP are actively pursuing the same socialist programs as they join the Democrats in a scramble to find ways to buy votes.
After decades of taxing and spending, growing the federal government, and pursuing a socialist Utopia, America finds herself on the precipice of a fiscal abyss with little reason to hope the unibrow party in Washington will save her. In fact, they’re likely to push her over the edge … if it means they can get a vote out of it.
David Leach is the owner of The Strident Conservative. His politically incorrect and always “right” columns are also featured on NOQReport.com.
His daily radio commentary is distributed by the Salem Radio Network and is heard on stations across America.