We have entered an era of $500 billion deficits. In a few years, the interest payment on the national debt could consume all collected taxes. The deficit is deferred taxation. Benefits are paid now with collection of taxes being passed on to another generation.
Economic calamity is the cutting issue. Throughout history, nations have become insolvent. What makes the United States unique is the rapid pace that this nation has incurred its level of indebtedness.
We are witnessing a flight from reality and responsibility. Elected officials are the responsibility of the citizenry, and they must be held accountable. Government spending must be limited to what is constitutionally necessary.
Free enterprise is fundamental to freedom and economic prosperity. However, freedom is understood today as some sort of gift from government. Because of this, the government now controls the people, not the people the government.
H. Samuel Atkins Jr.