Our government spending is way up—and everyone is seemingly fine with it.
A recent headline at the New York Times captured it well: “A Giant Deficit, Once Dreaded, Is Now Desired.” Historically, of course, we’ve had a long-standing argument in American politics about debt, the deficit, and government spending.
But now, all those old rules seem to be completely out the door.
On both sides of the political aisle, we have politicians making arguments they wouldn’t have believed they could have gotten away with just eight weeks ago. Republicans don’t sound like Republicans, and some of the Democrats sound like the kind of Democrat that other Democrats would have run from just weeks ago.
We need to be alerted to the danger of debt—a debt that future generations will have to repay.
Our economic decisions reveal our morality, our culture, our priorities … these decisions eventually reveal who we are.