Since President Clinton left office, the United States federal budget has not had a surplus and has risen to a very troubling $39 trillion and counting, in which, since fiscal year 2008, there has only been three years where the federal deficit was less than $1 trillion, and all the other years it’s been above $1 trillion, which signifies that despite the fact that Clinton was able to have four consecutive years of budget surpluses, that the government at present, has no intention of coming close to balancing its budget or in the reducing of that deficit, but pretty much is going to keep continuing on the same fiscal irresponsible direction, because apparently it can.
The bottom line is that there isn’t anybody in control that actually cares about being responsible to how the people’s money is spent and further to the point, the manner in which that money is spent seems to be fraught with all sorts of wrongheaded priorities or quite frankly bad decisions that benefit the few at the expense of the many, of which, the most disappointing amount of money being spent has got to be all the aspects of the military-industrial-technology complex, which is bad for the country, imprudent, and for the most part, unnecessary.
When it comes to taxation, and the raising of that tax rate to an appropriate level, which would in the scheme of things be part and parcel of getting the federal budget under control, we find that the people, in whole, would not tolerate an overly burdensome tax rate being placed upon their shoulders in which their attitude would be, that they aren’t benefiting, and haven’t been benefiting which is why they shouldn’t have to shoulder all that taxation. On the other hand, megacorporation’s and the superrich who aren’t closed to being taxed at a reasonable rate, because for the most part they do their level best to circumvent paying their fair share aren’t going to step up to the plate to pay what they should, because these represent the true power brokers and elites of America, and they therefore won’t change a thing, because nobody can make them do so.
All of the foregoing would seem to indicate that not only will this federal deficit continue to grow, but the reality is that nothing of substance will be done to correct such until it basically implodes, in which the consequences for the general public will be harsh, and may be similar in a lot of respects to the Great Depression or even worse, depending on how much pain everyday Americans will suffer, but that is the price that will have to be paid, when those that are our representatives have betrayed the people by not being responsible in that which they were entrusted to be responsible, and the horrible reckoning will come, sooner or later, in which those that are the most vulnerable, will be the very same that will suffer the most from this nation that prides itself as being the land of opportunity and equality for all.