Deficit Deniers & 40-Years Of Economic Erosion

While short-term deficits may have no consequences, the rising levels of corporatism, wage disparities, and wealth inequality provide ample evidence that something has gone wrong.

Are all the problems in the U.S. solely the result of unbridled deficit spending? Of course, not. The U.S. has spent four decades making poor political and economic choices as well.

  1. Massive increases in consumer and corporate debt.
  2. A shift from productive to non-productive labor.
  3. Poor immigration policies.
  4. The slow erosion of the rule-of-law; and,
  5. An undermining of capitalism and move to socialistic policies.

If you ignore all of the anecdotal evidence, an argument can get made for running continual economic deficits. However, suggesting “deficit hawks” are wrong is incorrect.

We can continue the path we are on for quite some time, and probably longer than most imagine.

But, just because we haven’t realized it yet, doesn’t mean we aren’t slowly being “boiled by deficits.”

1 2 3 4
View single page >> |

Disclaimer: Click here to read the full disclaimer. 

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.