Over the past 10 years, the United States has waged two long wars. These wars have been VERY expensive. Elected officials of the Republican Party have been strong advocates of these wars.
For most of those 10 years, appropriations to fight America's wars were kept "off budget," funded with "special" bills. Bills that passed with strong bi-partisan support. It was not until President Obama took office in 2009 that the cost of our wars was included in the budget.
During these wars, for the first time in our history, our government lowered taxes during wartime, putting the ENTIRE cost of our military adventures on credit cards held by major investors like China, Japan, Saudi Arabia, the global financial industry, the Social Security Trust Fund.
The interest on the U. S. Government's credit cards was faithfully paid to debt holders like China, Japan, Saudi Arabia and the global financial industry. (To the Social Security Trust Fund? Not so much.) NO payments were made on the principal. Government debt increased by trillions of dollars.
After years of speerheading profligate spending, Republicans now insist on steep cuts in government spending to reduce the deficits they played the major role in creating. But they adamantly refuse to support any measures that would increase revenues. They also adamantly refuse to curtail military spending.
Are you with me, here? Republicans are refusing to raise revenues or decrease military spending and they insist America must live within its means. How, you ask, can this be done?
First, unofficially "restructure" government debt by "forgiving" the debt owed to the Social Security Trust Fund. Ignore it. Pretend it never happened. Categorize Social Security as an "unfunded" entitlement. Cut Social Security benefits to the bone, raise the retirement age and privatize its sister program, Medicare (effectively dismantling it).
Second, dismantle the regulatory agencies that were created to oversee the financial industry, protect our environment, the workplace, the food and drugs we consume. Entrust private industry with "self regulation" (an oxymoron).
Third, defund agencies that support and create infrastructure - public education, roads, bridges, railroads, power grids, water and sewage systems.
Fourth, "restructure" public pension systems and neutralize public unions to decrease public liability.
Fifth, privatize what were once government responsibilities - military logistical support, roads, water supplies, prisons.
This is not going to end well.
Here's what I think...
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