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Over the last few decades, no force on earth has been able to halt the explosive growth of US federal debt.
At the conclusion of WWII, fiscal conservatives were aghast that our national debt had ballooned to $259 billion. By the end of the Vietnam war it stood at $533 billion and, despite urgent warnings, was over $5,674 billion by the end of the century. Today it stands at $30,000 billion ($30 trillion) after the Biden administration’s horrific spending spree conducted on the pretext of limiting the fallout from Covid.
The reason is pretty simple. Spending other peoples’ money is politically popular. Taxes are not and budget cutting is risky.