Government deficits are a way of life in the post republic America. The spending addiction is a plague that swept away the land of the free and the home of the brave. The cultural curse of entitlement ‘rights’ has created a system of mob rule on the bottom of the ladder and champagne wishes and caviar dreams by plutocrat aristocrats. The controllers of the corporatist economy are just as adamant about their ‘right’ to dominate as the unwashed demonstrator defends their latest chanting theme for wealth re-distribution.
So how is a government supposed to cater and quell such a divergence of fundamental mindsets? The systemic political response is to give something to everyone and take nothing away from anyone. Budget deficits are more than an unbalanced tally between expenditures and receipts, it is a cowardly surrender to the lowest political motivation – protect your own ass – at the cost of resolving the undeniable root causes, that fuel the unending fiscal shortfalls.
On the federal level, the practice of deficit spending is engrained as a ‘right’ stemming from having the world’s reserve currency. As long as international commerce is debited in, Federal Reserve notes, the central regime continues to spend. Pronouncements for cutting agency budgets are the mere promises of a habitual liar. Only when the need for an actual cure becomes unavoidable can the hard work begin to slim down the obese slob.