Trego's Mountain Ear

Glenn Reynolds has an article available at substack. It begins with this graph of the national debt, and the following statements: 

“Debt doom is coming, everyone knows it, no one is doing anything about it.”

I suggest clicking the link and reading his article.  Reading the comments might be a good idea too – some of them are well reasoned.

The optimistic part is that most states aren’t financially underwater.    The pessimistic part is that California, New York, New Jersey and Illinois are – and that list is made without checking references.

Click the link, read the article.  This graph, from the Visual Capitalist Purchasing Power of the U.S. Dollar Over Time supports the graph and Reynolds’ concern.

The problem is that it is both easy and fun to spend other people’s money – and we vote for politicians we like, not for politicians who are fiscally responsible.

Fifty percent plus one is a method of selecting a government.  It is no more divinely inspired than monarchy.