Admittedly we are enjoying a pretty good economy: low unemployment, low inflation, and low taxation. However this economy is being stoked by an ever-growing federal debt. The “two birds in the bush,” that promise by supporters of the Tax Cuts and Jobs Act that federal revenue would increase, have yet to show up. Some of our elected representatives state that we merely have a spending problem; however budget is a teeter-totter, spending and revenues. It is simplistic and politically safe to say that taxes need not increase, that eliminating wasteful and unnecessary spending will cure the problem. That has not yet worked in my decades on this planet.
The underlying cause is perhaps us, the electorate. Have we bought into campaign promises that upon examination are fantasy? “We can fix the roads but may have to increase tax revenue to pay for it,” or “We can fix the roads and can do it without raising taxes!” One of these statements is realistic and one is promising — to push the cost to the grandkids? So as the next presidential election spins up, I am looking for realism and fiscal responsibility in government.
I know, drastic change.
