"As most everyone knows, the federal government is now in debt to the tune of more than $22 trillion.
- On the welfare-state side, the big-ticket items are Social Security and Medicare...
- On the warfare-state side, the big-ticket items are the Pentagon, the military-industrial complex...
- In the middle of this fiscal morass are a multitude of mid-sized or small-sized federal programs, such as the drug war, farm subsidies, education grants, the SBA, and Radio Martí.
...So, where does that leave the nation?
On a track toward national bankruptcy, where the federal government lacks the money to cover its welfare-warfare state spending and, at the same time, service the interest on its debt, much less pay down the debt.
Think Greece.
At some point, things could get pretty nasty, with the feds desperately looking everywhere they can to seize money, such as IRA accounts and 401k accounts, and replace them with government bonds, much like President Franklin Roosevelt did during the emergency economic crisis in the 1930s when he seized everyone’s gold and replaced it with government bonds.
But here’s an idea: Why not abolish foreign aid, all foreign aid?
After all, foreign aid is really nothing more than welfare for foreign officials...
What do those foreign officials do with it?
Some of them line their personal pockets with it.
Others use it to help cover governmental expenses.
The obvious question arises: Why should the American people be plundered and looted to subsidize the personal lifestyles of foreign officials or to subsidize foreign governmental operations?...
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