As we enter the next campaign, promises of more goodies for us all abound, free college, M4A, guaranteed government paid jobs, free child care, money to every newborn, increased Social Security benefits and more.
Each of these promises will require more spending and commitment to a long-term liability paid for by someone or increasing federal deficits even more. That someone is future generations.
Even if every new promise was fully funded by new taxes, that still leaves us with $22 trillion in debt and growing, and depleted Social Security and Medicare trusts, not to mention unknown consequences on the economy of much higher taxes on individuals and businesses.
A politician truly concerned about America and its people would be telling us of a comprehensive plan to manage our current deficits and debt and trusts and then talk about the true cost of new government programs and exactly how they will be funded.
In all fairness to politicians, many, perhaps most, Americans are their ally in all this; readily accepting the promises and rhetoric and rarely asking the relevant and tough questions … and probably not caring.