For years, both Republicans and Democrats alike have played "day of
reckoning" politics with America's fiscal and monetary policy.
Racking up over $20 trillion in debt—$13.7 trillion of which came under just the past two administrations alone—artificially inflated economic data like the GDP and the official employment rate, the costs of government meddling can only remain hidden for so long.
Thanks to the reckless spending and money printing policies of the past decade, we now have a federal bill that will be very difficult to pay off, a Social Security system that is projected to go insolvent in just 15 years, and asset bubbles that may soon pop and bring about another recession.
For too long politicians promised endless taxpayer financed gifts in exchange for votes by mortgaging the future. The longer we wait to alter course the more difficult it will be to turn things around.
Consider a pair of upcoming decisions that could have significant impact on our fiscal future.
https://townhall.com/columnists/briangarst/2017/10/31/will-trump-stop-washington-from-kicking-the-can-down-the-road-n2402853?utm_source=thdaily&utm_medium=email&utm_campaign=nl&newsletterad=
Racking up over $20 trillion in debt—$13.7 trillion of which came under just the past two administrations alone—artificially inflated economic data like the GDP and the official employment rate, the costs of government meddling can only remain hidden for so long.
Thanks to the reckless spending and money printing policies of the past decade, we now have a federal bill that will be very difficult to pay off, a Social Security system that is projected to go insolvent in just 15 years, and asset bubbles that may soon pop and bring about another recession.
For too long politicians promised endless taxpayer financed gifts in exchange for votes by mortgaging the future. The longer we wait to alter course the more difficult it will be to turn things around.
Consider a pair of upcoming decisions that could have significant impact on our fiscal future.
https://townhall.com/columnists/briangarst/2017/10/31/will-trump-stop-washington-from-kicking-the-can-down-the-road-n2402853?utm_source=thdaily&utm_medium=email&utm_campaign=nl&newsletterad=
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