Authored by Mark Hendrickson via The Epoch Times (emphasis ours),
Commentary
Last month I got a call from a friend who works in Congress. He was distressed by the absurd condition of the federal finances. How could the wealthiest country in the world be almost $34 trillion in debt while charging ahead into ever-deeper debt? It seems like a horror movie come to life.
Congress is gridlocked with the spigot of federal spending seemingly locked permanently into the wide-open position.
The conversation with my friend touched on three points: how did this untenable situation come about, how can we reverse course, and what model of government would protect us from endless debt?
How Did We Get Into This Untenable Predicament?
What has brought the federal government of the United States of America to the edge of a fiscal abyss? It boils down to two main factors: the perverse incentives of electoral democracy accompanied by a gradual moral decay.
The fundamental underlying cause of our catastrophic debt is a decay of morality. Over the decades, the traditional American respect for the sanctity of private…
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