U.S. government, on its way to bankruptcy, Part 2

In Part 1 of this series, I made the case for a U.S. government that is quite literally out of control, a government that has committed to obligations so big, that unless policies change, it’s a government that’s on its way to bankruptcy.

Starting with the simple fact that the U.S. government has NO money, that it must tax Peter to spend it on Paul, I posited that in addition to the ever constant cry for more government spending in support of Paul, it’s the way the government taxes Peter that allows the government to spend so much on Paul. Lay the bill bare and it’s likely Peter throws a fit. But mask Paul’s true cost and it empowers the government to commit to obligations far beyond the ability of Peter to ever pay the bill.

The ship of state is being kept afloat by a shell game performed by illusionists. There is no magic when the trick is revealed to the audience. Michael Pollaro pulls aside the curtain to expose the subterfuge.