Monday, December 21, 2020

The Demons of Debt Clamor and Receive Almost $1 Trillion for Covid Relief

   All but a trillion dollars in one fell swoop. Our nation's debt is already at $27 trillion. Forgive, Sen. Romney, but you have spent too much money.
   The pundits are busy tallying the expense, $1.3 billion to Egypt, $15 billion to movie theaters and event venues, $40 million to the Kennedy Center to discourage teens from drinking and having sex, etc.
   Those in need should receive help. Many of us, though, are employed, as per usual, and should not be getting $600. And, there are businesses who might need the aid, others are doing well without it and should not be getting this funding.
   One does not know where this will end, when running up the national debt reaches a point of crash. Reading the stories of this day, we all know the new bill is not only to provide relief for those needing relief, but to stimulate the economy as a whole. Thus, the money stretches deep beyond just caring for the needy.
   Our nation once worried about getting addicted to this type of spending. I do wonder where we stand on that -- how much dependence we are building on such spending. Have we reached a point, where the only way we know out of a large economic downturn is increasing and increasing amounts of spending?
   We should feel little like someone being extorted: You either pay $1 trillion more, or your economy collapses. Which will it be, Mr./Mrs. America? The demons of debt demand more and more, and drive us further and further from solvency.
      
 
   

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