Debt is the heroin of government. Already heavily addicted, this nation has been injected with a massive overdose by the Democrat-controlled Congress and the Obama administration. Running deficits of three to four times the highest of the Bush administration, there seems no doubt that their goal is to “fundamentally transform the nation” into bankruptcy.
The most efficient government is one without debt. There are only two ways to pay off debt: 1) create more wealth to be taxed or 2) cheat the creditors by defaulting or printing money. You decide which is right.
Wealth is what you have left after you have fed, clothed and housed yourself. Only the private sector produces wealth. In the meantime, when you find yourself in a hole, stop digging.
The writer lives in Pawleys Island.
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