In contrast, the US government, mostly driven by Democrat gourmands, appears to feast without guilt on the nation’s tax revenue. It’s a party Party; the food seems never ending in a buffet many orders of magnitude larger than that of Cassar’s Palace, the Wynn, and… maybe all the world’s buffets combined. The seemingly unending buffet of tax dollars will eventually end, of course, but not before the national debt accrues an interest payment that exceeds revenue.
Right now (and these are approximate amounts) the US expenditure is about $5.5 trillion. It’s revenue from taxes is about $3.97 trillion. And THE INTEREST has either reached or is about to reach the ENTIRE DEFENSE BUDGET. It seems that Democrat gourmands have been joined by Republican gourmands all of who just can’t get enough and most of who lack the will to push away from the table or walk away from the buffet.
With the current debt exceeding $33 trillion, the DOD-size interest payment will be the American government’s legacy payable by the chidren for generations to come. And at the same time that they will devote more of their money to interest payments, the need to spend on evermore sophisticated defense systems will weaken the country’s aibllity to protect itself against some very bad guys with cheap weapons of mass destruction.
But future defense needs are as far from the minds of the big spenders as the consequences of those extra calories are on the minds of buffet gourmands. “Hey, how’d we get this fat? Is THIS the bill? Why didn’t someone tell me?”
Every fiscal year is a trial at the buffet. In no such time period over the twenty-first century has the US government stopped feeding in excess. Stimulus bills that are more “give a man a fish, and he’ll eat for a day” than “teach a man to fish, and he’ll eat for a lifetime” have led to the current ballooning debt and interest payment. And there appears to be no end to eating more. The folly of the “Green New Deal” will add trillions more to the table while limiting the gourmands’ demands for cheap food (read “fuel”). The result will be shortages. With respect to that buffet, disruptions in the growth and transport of food will increase. Imagine the difficulty of transporting the quantities of food now tranported in a fossil-fuel based system to moving the same amount on an inadequate electric grid. Imagine having enough electricity to power not only dry goods and imperishable foodstuffs, but also refrigerated perishable foods on electric trucks and trains. Just transporting the batteries for those trucks will occupy volumes that are now devoted to cargo. Just running the wires over rails, will require costs not now incurred, even if maglev becomes a reality.
Currently, we provide for both gourmets and gourmands. That’s going to change. Prepare yourself for some famine or rationing. The buffet, the trays of hors d'oeuvres, are about to end. Go ahead, gobble up what you can; everyone else is feasting, including noncitizens who contributed nothing to the budget. You don’t mind paying the interest on someone else’s credit card, do you?