Call For Sanity

  It is June of 2025, and there is a bill in Congress called the One Big Beautiful Bill Act, which was adopted by the House of Representatives in May and is targeted for Senate approval by July 4.  The Congressional Budget Office has estimated it would add as much as $2.8 trillion to the debt over 10 years.   I have written in the past about the looming debt crisis Has A Deficit of $1 Trillion Been Worth It?  (2009) $23,000,000,000,000  (2019) We have no longer have deficits of $1 trillion, instead averaging over $2 trillion annually, with a record deficit exceeding $4 trillion during the COVID-19 pandemic.  The debt is well beyond $23 trillion from just six years ago, having soared to $36 trillion in 2025. Before we talk about solutions, lets see what we can learn from history. A Brief History Lesson A New Nation Pays Off Her Debts The United States as a fledgling nation had $75 million in war debt from the American Revolution (1776-1783) and a Gross ...

The national debt is fast approaching $23 trillion, and there no longer seems to be a major political party determined to address that problem. How big is a trillion? We hear words like billion or trillion thrown around on the news like they are talking about a billion as pocket change and a trillion as the cost of a house. These numbers are not bigger than most people can truly comprehend. How big is a trillion? For starters, just look at it: $1,000,000,000,000 That's a lot of zeros!  If you're middle class in this country, you might make $100,000, while a college student with a decent job might make $10,000  Let's look at those together: $1,000,000,000,000                  $100,000                    $10,000 Here's another way of looking at it: 1 million seconds is about 11.5 days, 1 billion seconds is about 32 years, and a trillion seconds is equal to 32,000 years. ...

Remember when the national debt (total money owed) reached $1 trillion, and everyone was concerned that our economy would collapse? Well, this week, our annual deficit (additional money borrowed just this year) crossed $1 trillion, and we're barely half way through the year. So, has all this spending of money we don't have, with near certainty of skyrocketing interest rates and/or hyper-inflation, managed to save our economy as promised, or is it just sending us toward disaster? Has anybody noticed unemployment has exceeded the projections that preceded the "stimulus" bill for what would happen if we didn't spend all that money? It certainly didn't save the jobs that were predicted. Funny, that's just what I and many others said would happen. So, why are we still planning to spend the rest of that money? What was spent so far hasn't helped. Neither has the promise of the rest of the spending helped. Now, if more of the money had been spent on i...