https://spectatorworld.com/topic/government-drunken-sailors-spending-debt/
It seems strange, but just two decades ago the United States government had a balanced budget. Bill Clinton had run for president as a new type of Democrat, calling for an end to the deficits that had so bedeviled George H.W. Bush.
Thanks in large part to pressure from Newt Gingrich and the Republican Congress, he pulled it off. Clinton trimmed military spending and signed into law a package of tax increases. This cued haunted house noises in the parlors of center-right think tanks, but Biden also approved more conservative-friendly measures like domestic spending cuts and welfare reform. This bipartisan approach, in conjunction with a galloping economy, led to the unthinkable: budget surpluses for four fiscal years in a row.
Such were the 1990s, baby, when champagne corks were flying and tech investors would dump $10 million into fishfood.homestead.com on a dare. Let’s return now to our own time, when the fiscal scene looks more like a nuclear winter crossed with a zombie apocalypse. Congress this year is set to run up a budget deficit of $3 trillion. The national debt, meanwhile, is about $2,881,600,000,000.00. And that isn’t even accurate. I left out a zero. But who can even tell anymore? And what’s a decimal place or two between generations treading red ink?
Into this overflowed fiscal pool has come crashing the cannonball of Joe Biden’s spending program. The centerpiece of the President’s domestic agenda is another $3.5 trillion bonanza, with all the usual Democratic goodies: universal pre-K, green initiatives, adding dental and vision to Medicare, free community college, child care. And then enter a separate package to rebuild America’s infrastructure, actual retail price, $1 trillion. And then bring on another $768 billion for a Defense Department that seems to believe the Cold War never ended.
When tallied up with other Biden proposals, the total tab comes to $6 trillion. That’s more than the United States spent on World War Two and Vietnam combined. It’s about seven times the cost of the New Deal and 10 times the cost of the moon landing. It’s enough to buy 30 Jeff Bezoses and launch them all into space on separate phallic-suggestive rockets. Let’s say Biden abruptly decided that America needed to become the world’s premier cat lady. With that much money, we could purchase 60 billion cats, enough to throw off the rest of the planet’s ecosystem.