The Founders of the United States of America warned against massive federal debt, but, to our detriment, their political descendants are not paying attention. The Founders speak to us from their graves to condemn and warn of the consequences now that President Trump and Congress have come to an agreement about lifting the meaningless “debt ceiling” and increasing already massive federal spending and the debt, which is at $22 trillion and growing rapidly.
Economist Ben Stein provided a harsh reality check of socialism, as youth, politicians and the media turn ever leftward. His criticism of socialism and the Green New Deal sharply contrasted with recent liberal media reactions.
As difficult as it may be to believe, there was a time when Republicans were known as the anti-debt and balanced budget party. Now, the GOP prefers to tout low unemployment as the debt soars and they are co-conspirators in its rise. It's not that Republicans (and once-fiscally responsible Democrats) lack a way out of debt; it's that they lack the will. Both parties, but especially Republicans, fear a backlash from voters if they cut spending, much less make actual reductions.
Several recent polls, plus the popularity of Sen. Bernie Sanders, demonstrate that young people prefer socialism to free market capitalism. That, I believe, is a result of their ignorance and indoctrination during their school years, from kindergarten through college. For the most part, neither they nor many of their teachers and professors know what free market capitalism is.
The press has mostly gone off the rails in covering President Trump's proposal to rescind $15 billion in unspent funds, insisting on characterizing the move as "cuts." The competition for the worst coverage is fierce, but Andrew Taylor's story at the Associated Press, as carried at the Washington Post, probably wins the prize for the most incoherent headline: "Administration proposes cutting $15 billion in unused funds."
In a bipartisan vote on Thursday, the House passed a truly massive omnibus spending bill spanning 2,232 pages and some $1.3 TRILLION. The spending increases that the bill called for would help to jack up our already out of control $21 TRILLION national debt. But for both ABC’s World News Tonight and CBS Evening News, the bigger concern was that there was no solution for the Deferred Action for Childhood Arrivals (DACA) program. Meanwhile, NBC Nightly News didn’t mention the spending bill at all.
Another day, another left-wing report hammering the Republican tax plan on the front page of the New York Times, this time in the lead section on Sunday. Kate Zernike and Alan Rappeport penned one of a pair of lead stories on the Republican’s passing their tax plan in the Senate, under a headline that didn't even nod toward objectivity: “Next Objective: Cutting the Safety Net.”
Liberal New York Times economics reporter turned leftist economics columnist Eduardo Porter is appalled that Americans refuse to go along with confiscatory tax rates like the rest of the civilized world, and suggested racism is part of the problem, in Wednesday’s “Considering the True Cost Of Keeping Taxes Lower” on the front of the Business Day section. And reporter Alan Rappeport continued his snotty and quite selective concern about deficit spending, now that Republicans are threatening tax cuts.
On Monday’s Morning Joe, the panel brought on liberal economist Jeffrey Sachs to talk about the Republican tax reform bill currently making its way through Congress. Somewhat predictably, Sachs used his platform to attack the plan as a form of “theft,” the “biggest heist in history,” and a plot by America’s “richest gazillionaires” to “bankrupt” the country for their own personal enrichment. Although the panelists repeatedly tried to get Sachs to say something sane about the Republican plan’s corporate tax cuts, he instead insisted on reverting to his talking points and never explained how letting people keep more of their own money is “theft.”
Where would we be without the efforts of government spending? At least $20 trillion less in debt, but that never seems to occur to the more left-leaning politicians. Meanwhile, CBS’s Madam Secretary takes the time to remind the viewers about how necessary everyone and everything employed by the government can be.
In a series of bizarre comments on Monday’s Morning Joe, Joe Scarborough made the case that the recent Values Voter Summit in Washington D.C. had no true conservatives present. In order to support this assertion, Joe extensively used liberal talking points, including ones about the GOP’s tax reform plan. Joe ended up claiming that Trump’s administration might raise the national debt up to $35 trillion, a statement for which he provided no evidence.
Like the changing of the seasons, the front of Wednesday’s New York Times featured journalists suddenly rediscovering the national deficit, at least when Republicans are threatening to cut tax rates: “G.O.P. Senators Embrace Plan For Tax Cut That Adds to Deficit.” Such sudden concern for deficits tend to occur among journalists during Republican presidencies or whenever Republicans threaten tax cuts. Reporters Alan Rappeport and Thomas Kaplan led off by insinuating Republican hypocrisy: "Senate Republicans, abandoning a key fiscal doctrine...." Yet Sanders' budget-busting "Medicare for All" proposal didn't trigger the Times' delicate deficit sensibiliites.