Thursday, February 4, 2016

Candidates quiet on The Debt Issue

Last week-end it was 24/7 coverage of the Iowa Caucuses, with even those way down on the list of Republican candidates getting TV face time. What was strangely missing was coverage of the announcement that the total amount of  debt issued by the federal government had topped $19 Trillion, just a little over a year after reaching $18 Trillion.

Not that we only blame the candidates since it is tough to ask for votes while sharing this type of news. But where is the vaunted media on this issue?

It's not a complicated idea. Anyone who has a credit card understands that running up, and maintaining, a balance due can be the first step on the road to financial perdition. All the wizards with control of the country's fisc  are surely aware of the dangers of the growing debt. They most assuredly know that this debt is not going to go away and will flow downstream to future generations to deal with, i.e. pay for. They also understand that, in the meantime, the debt must be serviced, which means more current demands for increased tax revenues.  In addition to paying the interest, current taxpayers will also be serviced (think animal husbandry) at an increasing rate.

How about it candidates?

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