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.