In view of our $40 trillion national debt, it should be obvious to everyone our federal government is too big and spends too much.
Various financial experts have warned runaway debt growth could have dire economic consequences.
But it seems the size of the federal government and its enormous deficit spending habits don’t alarm many Americans.
I believe there are a number of reasons why.
First, from what I’ve observed over the years, many Democrat politicians generally like big government. And the more it spends, especially on social programs, the better. Thus, there’s little incentive to warn about debt and deficits.
Second, many Republican politicians often voice concern about excessive spending, but when it comes time for deep budget cuts or profound reform, they kick the can down the road. This can lead people to think everything’s OK.
Third, some in the news media could be better at reporting the effects of government spending on our economy and society.
Finally, and this may be the biggest reason of all, lots of Americans don’t feel a personal financial “sting” from Washington’s massive budget deficits.
They don’t because many — around 40 percent, according to one source — pay no federal income taxes.
Another reason, and this is huge, borrowing helps Congress avoid having to raise taxes, at least not right away.
It’s the same with federal grants to state and local governments. Grants insulate taxpayers from the true cost of government.
No wonder some Americans seem to think federal money grows on trees and that socialism can solve many of our nation’s problems. They don’t realize they aren’t paying directly for all of the socialism we have now.
Voters have an important decision to make on Election Day, Nov. 3, and it doesn’t have to be all that complicated.
If you want a big and profligate federal government, and all that it entails, vote for Democrats. If not, vote Republican.
Yes, there are Republican spendthrifts, but at least with the GOP, I believe there’s a better chance of whittling Washington down to size. And that, in my opinion, is what we desperately need.
Jeff L. Reed
Ashland