Most households have two contributors to the household income. If one of them ceases to contribute the household goes into debt; or, expenses are cut to generally meet the available income. Debt is available but it must be severely controlled because bankruptcy will come a knocking. Most households understand the problem of outspending their household income. When a household goes too far into debt there is personal bankruptcy, most people understand that. To take that understanding to a national level is beyond the average individual.
The numbers are too great, and besides, this Country has always had debt. Interest on the debt must be paid and for many years the interest was paid. Now, interest merely adds to the debt. We are adding to the debt without thought for the future. My new grand daughter Penny's personal share of the national debt was $227,000 at the time she was born. As I look at that small body I think, there is no way she will be able to pay that.
Yet, spending increases are expected every year. A large portion of our population is counting on it, yes, even demanding it. Even now the President is expecting to increase spending by 1.5 trillion. When does it stop? How does it stop?
Some say: "take it from the rich." There is not enough money there to keep this voracious government running for very long. The profits of the Fortune 500 richest companies come to 400 billion a year. If they are totally confiscated it will only run this country for 40 days. Yep, we are spending 10 billion a day. Also, there are 400 billionaires in this country and they have a net worth of 1.3 trillion. We spend 3.7 trillion a year. If all the billionaires money is taken from them it is easy to see that it will not cover our spending. The rich cannot get us out of this problem no matter how much we tax them.
How can we get the populace to understand this problem? Many are completely dependant upon the government and most believe that they do not get enough from the government. For them they do not want to hear this country is broke, and some do not care. Yet, politicians continue to promise more. We are broke, broke, broke. We must get this through to our politicians, but how?