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Fiscal Folly in Washington


May 19, 2021

By Dr. Mark W. Hendrickson

For years, I have been sounding the alarm about chronic federal deficit spending—practiced by both Republicans and Democrats—steering our country into a fiscal abyss.

I feel like a broken record as I periodically chronicle the folly of it all. The process has taken on a sense of inevitability as we watch what feels to me like a slow-motion train wreck.

I have remarked on various milestones along this dangerous course:

Americans as a people and a polity are astoundingly indifferent to debt and have embraced it as the (temporarily) normal way to live.

One signi...

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