The federal debt is over 34 trillion dollars. Then there is “intragovernmental” debt and “implicit debt” that runs the “tab” to over 120 trillion dollars. Surprisingly, that is not all. Federal government “mandates,” which also are almost always entitlements, essentially control 60% of State governments’ budgets too! That means each citizen, you included, may owe hundreds of thousands if not millions of dollars to the governments’ creditors.
Entitlement programs consume about 60% of the federal budget and therefore are the primary driver for this debt accumulation. What’s worse is that there is no limit to the expansion of entitlements even as they currently exist (they continue without limitation without anyone voting for them to continue), and therefore the burden on taxpayers to pay for them is unlimited. Furthermore, the legal precedent to collect taxes from you through judicial fiat is currently in place because welfare recipients are considered to have a Constitutional right to their entitlements and you must pay until you don’t have any more assets to collect. That’s right. The unelected federal judiciary already has set precedent that empowers them to command elected officials to increase your taxes and neither the elected officials nor the electorate have any say in the matter! This is not the model created by the Founders (anti-nobility clauses ). The federal government was established as an instrumentality of the States, not the way it is now where the federal government dictates to the States. That must change.
The “Santa Claus” mentality of promising more and more government payments apart from services rendered or product provided helps politicians win elections, but eventually this “house of cards” is going to collapse. Our ancestors agreed with this. One of them said, “a democracy can exist only until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy.”
Like all Ponzi schemes, it is only a matter of time until this something-for-nothing policy runs its course and then the cruelly oppressive nature of this amount of debt will have to be borne. The interest on debt makes this situation even worse. Compounding interest is the most powerful invention in human history and, in this case, it works against you. The federal government could soon pay more in interest on its debt than it spends on the military, Medicaid or children’s programs. Within a decade, more than $900 billion in interest payments will be due annually, easily outpacing spending on myriad other programs.The amount you owe is going up exponentially!
You are responsible for paying this debt (your elected representatives signed for you) and it will come due. Realistically, each individual with any ability to pay owes hundreds of thousands, if not millions, of dollars to the government’s creditors. That is on top of your other expenses such as food, clothing, and housing, and the creditor will require payment of the federal debt first–leaving you with nothing. There is no such thing as bankruptcy relief for this sort of debt. Venezuela, where people are starving, is an excellent example of this. In this light, the individualized benefits from the public treasury apart from services rendered are not as “free” as they seem. The debt from this something-for-nothing policy will have to be paid, with interest on interest on interest, and it will come from your assets. Since the amount owing exceeds the assets of the masses, essentially what we have is communism through the back door.
Incurring debt is irresponsible to future generations. We should not run up a massive “tab” that our children will have to pay in the future. We must not place our children in financial slavery to subsidize the cost of tyrants and despots obtaining elective office. The welfare state also is bad for the recipients.
The Constitution does not provide a basis for much of what the federal government does–including entitlements and a standing army. Much of what the government does now occurs through the Commerce Clause and the General Welfare Clause.
The Commerce Clause was intended by the Founders to apply only to foreign trade, and yet it has been expanded without amending the Constitution to apply domestically and regulate nearly anything that has any sort of a financial basis and beyond.
The General Welfare Clause was intended to be a limitation and a check on the power of the federal government, and it has been turned into a way for elected federal officials and bureaucrats to write checks to whatever constituency they want to support their ever increasing power (i.e., entitlements). The Constitution must be enforced as intended.
I believe Social Security benefits for the aged are in the nature of an annuity, and therefore are not an entitlement in this context. I would advocate and vote in such a way to restore those contributions to a “lock box” status in the federal treasury–as it used to be. Currently, Social Security contributions do not have any special protection at all. Benefits to military personnel are for services rendered.
Redistribution of wealth is not a legitimate use of governmental power. The proper model to address the temporal needs of people in the community is first personal responsibility, then family responsibility, and finally charity. Regardless, the resources come from the people and States can determine whether to extract them and how to use them—not the federal government. So many resources are lost on bureaucracy and so much tyranny results from it. If the people genuinely support individualized benefits apart from services rendered or product provided, they can provide them to those in need locally. A federal bureaucracy is ineffective and inefficient for that purpose.
Supposedly, there is a “need” for immigration to support the welfare state. We wouldn’t have this “need” if we hadn’t killed 60 million babies through abortion, along with all of their children and grandchildren, and we don’t need a welfare state. We have an immigration problem because of the gross immorality of abortion!